Filmmakers are to be given tax holidays for the next five years. Exports rebate will be provided on movies and dramas exports for the next 10 years.
Distributors & film producers are to be exempted from the imposition of an 8% withholding tax. Along with this, customs duty on the import of machinery for the entertainment industry will be abolished.
Sales tax on import of media and entertainment industry slashed to zero to promote media & entertainment industry.