MANILA, Philippines — The Department of the Interior and Local Government (DILG) has appealed to local government units (LGUs) to implement a tax break for the local film industry to help them recover from losses due to the COVID-19 pandemic. In a press conference on Thursday, DILG chief Benjamin Abalos Jr. said he plans to talk to local chief executives about possibly implementing the amusement tax holiday. “Meron na silang VAT, meron pa silang amusement taxes. VAT is 12 percent, Tax is 10 percent at kung nag shooting sila, kaliwa’t-kanan na permits ang kailangan nila. In short, siguro roughly kung sa 100 percent, pinakamalaki na siguro ang 30 percent kung kikita sila, more or less, approximate po ito. Not to…
Published Date: 2024-01-18
Source: Inquirer.net
Categories: Society, Issues, Business, Home, Personal Finance, Money Management, Opportunities, Opposing Views
