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The Metro Manila Council passed a resolution suspending the collection of amusement taxes for the screenings of local films in the National Capital Region for the next three years in support of and to promote the Filipino film industry.
The MMC, which is composed of the mayors in Metro Manila, is the governing board and the policy-making body of the MMDA. “A producer needs to pay three types of taxes for each film including 10 percent amusement taxes together with other taxes such as Value Added Tax and Income Tax, making us the most heavily-taxed movie industry in the world,” he explained, emphasizing that the three-year moratorium of amusement tax will mean survival for the industry.
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