The film industry expressed their concern that the National Film Industry Law would be revised. In an interview published in the Diario Libre, Hacienda Minister Donald Guerrero said that tax exemptions would be revised, including several that he says have served their purpose, mentioning by name Film Industry Promotion Law 108-10.
The sector says they have only benefited from 0.2% of the tax exemptions, compared to 27.8% for free zones, 14.5% for the energy sector; 12.2% for education, 7.3% government contractors and concessions; 3.5% industrial sector; NGO’s 2.6%, online purchases 2.5%, tourism 1.9%, among others.
Read more in Spanish:
Diario Libre
El Nacional
Law 108-10
24 February 2017
