Local film producers, humiling ng moratorium sa paniningil ng 10% amusement tax ng mga LGU | BT - video Dailymotion

GMA Integrated News

Humiling ang mga local film producer ng moratorium sa pangongolekta ng amusement tax ng mga lokal na pamahalaan.   Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 10:30 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.  #GMAIntegratedNews #KapusoStream  Breaking news and stories from the Philippines and abroad: GMA Integrated News Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews TikTok: https://www.tiktok.com/@gmanews Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00 Local film producers requested a moratorium on the collection of amusement tax from local governments.

00:07 This is the news of June Veneration.

00:10 Some local film producers and movie industry are helping Interior and Local Government Secretary Benjor Abalos.

00:20 This is to ask for help to solve the problems of the Filipino film industry.

00:25 Just like the 10% amusement tax that is imposed by local governments.

00:30 If there is a tax holiday like this, maybe we can raise the budget of making movies to make it better.

00:38 Because of course, we also have to fight for the products of other countries.

00:43 Our dream is for us to be like Korea, right? But we can't do that without the support of government.

00:48 Filipinos first, they say. Let's put ourselves first.

00:52 If we don't love our industry, maybe we'll be left alone.

00:58 And what about the workers here?

01:00 A film producer allocated the money they earn from making movies.

01:06 For example, if a movie earns P100 million in a box office,

01:11 it reduces the amusement tax by 10%.

01:14 The remaining 90% will be divided by the producer and cinema operator.

01:19 From the remaining 45% to the producer, 5% to 20% of the booking fee will be taken from the distributors.

01:26 And there is also a 12% value-added tax.

01:29 Effectively, for every P100 million, the producer gets approximately P35 to P37 million net.

01:38 Not all movies reach P100 million.

01:41 For the year 2023, most movies will grow from the average of P2 million to P12 million only.

01:50 Secretary Abalos is sure that he will talk to the local chief executives.

01:55 I commit, I will talk personally with all of the mayors of Metro Manila.

02:01 Maybe we can just zero it.

02:03 Let's help them for the next three years so that they can get back on their feet.

02:07 That's what we will ask from all local complement units.

02:12 Abalos, the city of Mandaluyong under his father, Mayor Benjamin Abalos Sr.,

02:18 will support the three-year moratorium on amusement tax for local movies.

02:24 Abalos will also talk about piracy, a problem that movie producers are also facing.

02:30 He says that movie industry in PNP and other government agencies can expect 100% help.

02:36 Stop it. You can't help. You're pitiful to the industry.

02:40 IK GMA Films President and GMA Network SVP, Attorney Annette Gonzon-Valdez,

02:46 the producers are proud of the success of the last Metro Manila Film Festival.

02:52 That's why they are doing things to keep the local movie industry active.

02:57 Filipino movies are part of our arts and culture.

03:01 We have to preserve it, we have to love it,

03:04 and we will do everything so that the Filipino movie industry will not die.

03:10 June Veneration reporting for GMA Integrated News.

03:14 Kapuso, alami ng may init na balita.

03:17 Visit tayo na't mag-subscribe sa GMA Integrated News sa YouTube.

03:21 Sa mga kapuso abroad, samahan niyo kami sa GMA Pinoy TV at sa www.gmanews.tv.

03:29 [music]

Local film producers, humiling ng moratorium sa paniningil ng 10% amusement tax ng mga LGU | BT

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