China to Exempt Film Cos. From VAT, Fees to Support Industry

May 14, 2020, 4:22 AM UTC

Film companies will be exempted from value-added tax and cultural construction fee in 2020, Ministry of Finance says in statement.

  • Hubei province, which was hit most by coronavirus outbreak in China, will be exempted from contributing to a national film industry development fund for full year; other provinces’ payment exempted for Jan.-Aug.
  • May 11, China Film Stocks Jump After Shuttered Cinemas Allowed to Reopen
  • To view the source of this information click here

To contact Bloomberg News staff for this story:
Li Liu in Beijing at lliu255@bloomberg.net

To contact the editors responsible for this story:
Sharon Chen at schen462@bloomberg.net

Philip Lagerkranser

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