Moscow
MIN +13
MAX +25
Clear / 11:00 PM / Traffic

Tax for Foreign Films Looms

A bill calling for value-added tax to be imposed on movie theaters that show foreign films was submitted to the State Duma on Friday, RIA-Novosti reported.

While movie theaters, as cultural establishments, are currently exempt from the tax, those theaters that show any film of non-domestic origin would have to pay, according to the bill proposed by United Russia's Sergei Zheleznyak.

The bill, which seeks to amend Tax Code Article 149, also calls for a mandatory quota of Russian film showings at theaters. Any theater not screening a Russian film at least one-fifth of the time would face a fine of 100,000 ($3,200) to 400,000 rubles.

Zheleznyak says the legislation aims to preserve Russia's film industry.

(MT)

The Moscow Times is happy to serve as a platform for intelligent and constructive discussion.
Any comment deemed non-constructive, personal attacks, spam and abuse will not be tolerated and will lead to you being banned from our website.
comments powered by Disqus