Local body tax of 30% is the biggest concern for Kollywood
Article posted on 26 July 2017There has been a lot of controversy surrounding the 30% local body tax which was announced by the Tamil Nadu government. The TNPC President Vishal and TN Theatres Association head Abirami Ramanthan have been in talks with the government to come to a suitable agreement that will benefit the film industry as well as the state government.
Now, it is believed that straight Tamil films will not be taxed and only films in other languages or dubbed Tamil films will need to pay tax. As for the amount, there is no clarity. Sources say that this in fact is most likely the decision that the Tamil Nadu government will announce. However, there is no official confirmation of this.
Ever since GST came into place, the 30% local body tax has become a source of concern for Kollywood. Members of the Tamil film fraternity have been appealing to the state government to come out with a favourable decision as this could kill the film industry.
Cinema halls across Tamil Nadu were shut for a period of four days once the local body tax announcement came in. It led to losses in the tune of crores for the film industry. As of now, the film industry and the audience are waiting for a favourable decision. There are rumours that the government would make an announcement on July 28. Some say that the announcement on the tax issue could come on August 1.
Vishal
Related Stories
With just ten days left until Rathnam hits theaters, the team behind the Vishal-led film shared that it has passed censorship checks and earned a U/A rating from the CBFC. Recently, the movie's trailer was unveiled. The plot unfolds in Vellore, near Andhra Pradesh's border, where goons target ...see more
Read full story
Actor Vishal, who is waiting for his action movie Rathnam, directed by Hari, to come out, shared news about the filming of Thupparivaalan 2, a detective thriller. At a Rathnam promotional event, Vishal mentioned that shooting locations for Thupparivaalan 2 are decided. However, he wants to wai...see more
Read full story
Actor Vishal, who starred in Adhik Ravichandran's "Mark Antony," is now eagerly waiting for his next movie, "Rathnam," directed by Hari. This action-packed drama will be Vishal's 34th film and is set to be released in theaters on April 26th. The movie creators have just revealed that the secon...see more
Read full story
Previously, there were reports indicating that director Hari is set to collaborate with Vishal for their upcoming project. The film, tentatively titled Vishal 34, is being produced by Stone Bench Production, helmed by Karthik Subbaraj, and Zee Studios, led by Kaarthekeyan Santhanam. According ...see more
Read full story
Actor Vishal took to Twitter on Sunday to announce the completion of shooting for his upcoming film, "Mark Antony." In his tweet, Vishal mentioned that fellow actor Sunil has also finished filming. He shared a celebratory video in which he is seen cutting a cake to commemorate the wrap-up of the ...see more
Read full story
On Thursday, the creators of the forthcoming movie "Mark Antony" featuring Vishal as the protagonist, revealed a sneak peek on social media. The sneak peek of "Mark Antony" teases a gangster-themed action drama and showcases the diverse characters in the film. The retro-style attire of the mal...see more
Read full story