Budget offers 10-year tax holiday for cinema halls outside major cities, film sector welcomes move
Summary
The Nepal government has introduced a 10-year income tax exemption for new cinema halls established outside major cities, a move welcomed by the film sector to expand screening facilities and support industry growth.
Key Points
- The government announced a 10-year income tax exemption for new cinema halls outside metropolitan and sub-metropolitan areas.
- The Film Association of Nepal and filmmakers welcomed the provision, hoping it will expand cinema halls and strengthen the film industry.
- The budget partially meets filmmakers' demands, but some projects like the film village and indoor studios were not included.
- Ministry officials noted that other sectoral projects will continue under existing systems despite their absence from the budget speech.
