Buenos Aires cinemas will have a fiscal relief for the pandemic

Buenos Aires cinemas will have a fiscal relief for the pandemic

The project, presented by the Ministry of Culture of the City in collaboration with the Ministry of Economic Development, and approved in the legislature, was worked together with independent exhibitors, multi-screens and the Argentine Federation of Film Exhibitors (Fadec) and the Argentine Chamber of Multiscreen Displays (Caem).

As reported in a statement, the measure is intended to give tax relief to the film industry, which was one of the hardest hit during the pandemic when it was forced to close its theaters for more than a year: and it nullifies the obligation to pay. of the monthly advances of the Gross Income Tax for the aforementioned months, with respect to those who carry out the film exhibition activity.

“Movie theaters are a fundamental part of the film industry, for this reason we work to support them especially at this time. This measure reaches 20 theaters in the City of Buenos Aires and was possible thanks to working together with independent, multi-screen exhibitors and the various entities that make up the sector “. explained the Buenos Aires Minister of Culture, Enrique Avogadro.

“It is very important to continue generating tools to accompany the exhibition spaces and to facilitate the access of neighbors to the world of cinema”added the official

The benefit would reach 20 theaters in the City of Buenos Aires: among them, eight considered historical (Cosmos UBA, Monumental Multiplex, Lorca, Gaumont Incaa, Cinépolis Caballito, Atlas Flores, Belgrano Multiplex and Multiplex Cabildo), seven located in shopping malls ( Hoyts Abasto, Showcase Belgrano, Atlas Liniers, Atlas Alcorta, Atlas Patio Bullrich, Cinépolis Recoleta and Hoyts Dot) and five other theaters (Cinema Devoto, Cinemark Puerto Madero, Cinemark Palermo, Cinemark Caballito and Belgrano Multiplex).

Source From: Ambito

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