News Column

CNY100mn Given to Support 5 to 10 Key Theme Films Annually

June 20, 2014

BEIJING, June 20, SinoCast -- China's central finance will continue to arrange a special fine film fund to promote the production and creation of films, including CNY 100 million a year to support five to ten influential key theme films in a way of individual report and approval of key films, according to a notice jointly issued by seven ministries.

In addition, the country will enable revenue obtained by film production companies from selling film copies and transferring copyrights, revenue obtained by film distribution companies from film distribution and revenue obtained by film projection companies from film projection in rural areas to exempt from value-added tax from January 1, 2014 to December 31, 2018.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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