Thursday, February 12

Tag: commercial shows

Sri Lanka raises taxes on dubbed foreign movies, dramas and commercial shows
Business

Sri Lanka raises taxes on dubbed foreign movies, dramas and commercial shows

The Sri Lankan government has increased the levy charged on dubbed foreign movies, dramas and commercials with immediate effect. The charges have been raised in response to a request made to the Minister of Finance and Mass Media Mangala Samaraweera by organizations and the producers of local tele dramas and movies Since some of the foreign tele dramas and commercial programs being broadcast in the country include content that is contrary to local traditions, the artists and media personnel have requested the Minister to take steps to minimize the damage to Sri Lankan culture and arts, the Finance Ministry said. Accordingly, the three gazette notifications issued under the 2006 Finance Act No. 11 of 2006 for tele-dramas, films and commercial programs have been canceled with effect...