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Movie sector lobbies for keeping its tax incentives

A committee representing the movie industry in the country met at the Presidential Palace with President Danilo Medina to lobby for keeping the tax breaks and other incentives in the Film Law 108-10. The law has encouraged a boom in the Dominican movie industry, with the development of movie houses, film distributors, producers and film academic institutions.

The meeting comes at a time when government financial heads Donald Guerrero of the Ministry of Hacienda and Magin Diaz of the Tax Agency are reportedly considering asking the legislature to introduce a bill that would rollback tax incentives that benefit the Dominican film industry.

In its defense, the film industry advocates say that the movie industry barely receives 0.2% of all the tax incentives granted by the Dominican government while it has created around 5,000 new jobs.

One of the participants in the meeting with the President, Omar de la Cruz said that before the law about one Dominican film a year was being made, and now this has increased to 10 or 15 a year. De la Cruz is the director of the Funglode Film Festival.

Others meeting with President Medina were businessman Manuel Corripio; the director of Funglode Marco Herrera, movie director Archie Lopez, lawyer Laura Castellanos, general manager of Caribbean Cinemas Zumaya Cordero, among others.

Source: DR1, Lisitindiario

Mar 18, 2017

Category: DR News |

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Last updated August 18, 2017 at 11:26 PM
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