Film release stayed against Double Taxation
The Producers’ Council has taken a sensational and bold decision to block the release of films from 6th October protesting against and demanding the withdrawal of the recently imposed Entertainment Tax.This new tax announcement (10% additional Entertainments Tax for theaters) has shocked the film industry producers, theater owners, distributors, and all other related.
As a mark of protest, some theaters remained closed yesterday (3rd October) in Chennai. In this situation, the Tamil Film Producers’ Council has taken a decision to block the release of films from 6th October protesting against the above.
In a related press release by the Tamil Film Producers’ Council, it is widely known that the Tamil film industry has already been crippled by a number of negative factors such as piracy and the recently impose 18% to 20% GST. This has led to huge losses.
In this scenario, subsequent imposition of 10% additional ET recently announced has caused an immense shock in the industry. The explanations regarding the stand of the Tamil film industry including the producers and theater owners have been clearly explained to the state government through various petitions and appeals. Still, instead of streamlining/regularising the existing disparities in the theater film ticket charges, imposing an additional 10% tax is indeed perplexing and this can only lead to further huge losses and complications.
Following the meeting conducted on 3rd October by the Tamil Film Producers’ Council and decisions taken, the Council earnestly appeals to the state government to withdraw the additional Entertainment recently announced. So, we announce hereby that we have decided to block the release of new Tamil films from 6th October.