Tax reimbursement to films shot in Goa

GOANEWS DESK, PANAJI | 24 November 2010 10:19 IST

IFFI 2010, today gave reasons for filmmakers to rejoice as Goa announcing possibility of granting reimbursement of tax to the filmmakers, if the film is shot in Goa.

Manoj Srivastava, Chief Executive Officer of Entertainment Society of Goa (ESG), announced that the Goa government is considering offering tax reimbursement to the filmmakers shooting here.

The announcement was made on the sidelines of the day long Confederation of Indian Industry (CII) seminar.

“We are trying to promote film shoots in Goa. Tax reimbursement scheme for the filmmakers shooting in the state is being worked out. We are considering an arrangement wherein half of the tax amount would be reimbursed to the filmmaker after he produces the bills and the film is ready.” said Srivastava. 

He also said the state is in the process of formulating the scheme which will be a major pull for the filmmakers to shoot in Goa. he also expressed that the filmmakers would be largely benefited if central taxes are relaxed.

“I am echoing the sentiments of Yash Chopra who has also expressed a need of relaxation of taxes." Srivastava said.

Yash Chopra, during inaugural of IFFI 2010, had said the central government had failed to support the film industry.

Srivastava said in next three to four years, the tax would be going to be the biggest issue for the filmmakers.

Giving inaugural remarks, CII’s Goa State Council Chairman Naveen Kapoor said that the film industry should be made aware about the new shooting locations. 

He also added that though Indian film industry has captive audience, there is a need for new market penetrations.

The one day CII seminar had Rajesh Sharma, Director General, Services Export Promotion council, Junaid Menon, Nomad Films, Kalyan Mukherjee, KAS Movie Makers had making their presentations.

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