Entertainment Tax

Warner Bros. will now allow Coyote vs. Acme to be shopped to other studios, following backlash from filmmakers. The live-action-animation hybrid film was originally planned as an HBO Max release and last weekend, the studio decided to shelf it as a tax write-off. Principle photography on the $72 million movie was complete, and now it will see the l...

Movie tickets in Indian theatres will cost just Rs. 99 on October 13, in celebration of National Cinema Day. Marking the second year of the event, discounts will be offered across more than 4,000 participating theatres including PVR Inox, Cinepolis, Movie Time, and more. It’s unclear whether the said amount includes taxes and internet fees levied...

A Spanish court said on Thursday it has started a new investigation against Colombian singer Shakira linked to alleged fraud on income and wealth tax in 2018.

Sony Group on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retai...

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000

National Cinema Day has been postponed to September 23, the MAI has confirmed. The event is entirely new, and slashes down movie tickets cost to Rs. 75, for the entire day. The discount will be available at more than 4,000 participating theatres including PVR, INOX, and Cinépolis. The amount does not include additional taxes that are levied upon t...

Movie tickets in Indian theatres will cost just Rs. 75 on September 16, on the occasion of National Cinema Day. The event is completely new and will offer discounts on more than 4,000 PVR, INOX and Cinépolis theatres across India. The said amount does not include additional taxes that are levied upon ticket purchases from third-party online storef...

Netflix has agreed to settle a tax dispute with Italy for a period covering October 2015 to 2019. The US streaming service has been asked to pay EUR 55.8 million (around Rs. 460 crore). As a backdrop to the payment agreement, Netflix has now opened an office in Italy, setting up a base in Rome and hiring more than 40 employees.

Advocates of national integration waived entertainment tax for 'Amar Akbar Anthony' while the "abettors of disintegration and disharmony" waive it for 'The Kashmir Files', Congress leader Shashi Tharoor said on Tuesday.

Keys to an alleged Paris bungalow, a receipt for Rs 5 crore, and "memory of 2013" raid - these are what the income tax department primarily found during its raid on properties linked to Tapsee Pannu, the actor said on Saturday in three tweets. She ended the last one of those with a post script: "Not so sasti" anymore.

The Supreme Court Thursday asked the tax authority of the Uttar Pradesh government to hold an enquiry to ascertain whether organizer of Formula One world championship at the Buddh International Circuit in Greater Noida had collected entertainment duty from the spectators for the events in 2011 and 2012.

In a move to help the film industry in the state, the Kerala government on Monday decided to waive entertainment tax for cinemas from January to March 2021 along with 50 per cent reduction in the fixed charges on electricity during the lockdown period since March last year.

Over 24 years after "King of Pop" Michael Jackson performed in Mumbai, the Shiv Sena-led Maharashtra Vikas Aghadi (MVA) government in Maharashtra on Wednesday upheld the state's decision to grant Rs 3.36 crore entertainment tax waiver to an event management firm for the musical concert.

Netflix insisted it was prepared to pay tax in Vietnam after a minister accused the streaming giant of dodging its obligations to the communist nation.

Warner Bros. will now allow Coyote vs. Acme to be shopped to other studios, following backlash from filmmakers. The live-action-animation hybrid film was originally planned as an HBO Max release and last weekend, the studio decided to shelf it as a tax write-off. Principle photography on the $72 million movie was complete, and now it will see the l...

Movie tickets in Indian theatres will cost just Rs. 99 on October 13, in celebration of National Cinema Day. Marking the second year of the event, discounts will be offered across more than 4,000 participating theatres including PVR Inox, Cinepolis, Movie Time, and more. It’s unclear whether the said amount includes taxes and internet fees levied...

A Spanish court said on Thursday it has started a new investigation against Colombian singer Shakira linked to alleged fraud on income and wealth tax in 2018.

Sony Group on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retai...

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000

National Cinema Day has been postponed to September 23, the MAI has confirmed. The event is entirely new, and slashes down movie tickets cost to Rs. 75, for the entire day. The discount will be available at more than 4,000 participating theatres including PVR, INOX, and Cinépolis. The amount does not include additional taxes that are levied upon t...

Movie tickets in Indian theatres will cost just Rs. 75 on September 16, on the occasion of National Cinema Day. The event is completely new and will offer discounts on more than 4,000 PVR, INOX and Cinépolis theatres across India. The said amount does not include additional taxes that are levied upon ticket purchases from third-party online storef...

Netflix has agreed to settle a tax dispute with Italy for a period covering October 2015 to 2019. The US streaming service has been asked to pay EUR 55.8 million (around Rs. 460 crore). As a backdrop to the payment agreement, Netflix has now opened an office in Italy, setting up a base in Rome and hiring more than 40 employees.

Advocates of national integration waived entertainment tax for 'Amar Akbar Anthony' while the "abettors of disintegration and disharmony" waive it for 'The Kashmir Files', Congress leader Shashi Tharoor said on Tuesday.

Keys to an alleged Paris bungalow, a receipt for Rs 5 crore, and "memory of 2013" raid - these are what the income tax department primarily found during its raid on properties linked to Tapsee Pannu, the actor said on Saturday in three tweets. She ended the last one of those with a post script: "Not so sasti" anymore.

The Supreme Court Thursday asked the tax authority of the Uttar Pradesh government to hold an enquiry to ascertain whether organizer of Formula One world championship at the Buddh International Circuit in Greater Noida had collected entertainment duty from the spectators for the events in 2011 and 2012.

In a move to help the film industry in the state, the Kerala government on Monday decided to waive entertainment tax for cinemas from January to March 2021 along with 50 per cent reduction in the fixed charges on electricity during the lockdown period since March last year.

Over 24 years after "King of Pop" Michael Jackson performed in Mumbai, the Shiv Sena-led Maharashtra Vikas Aghadi (MVA) government in Maharashtra on Wednesday upheld the state's decision to grant Rs 3.36 crore entertainment tax waiver to an event management firm for the musical concert.

Netflix insisted it was prepared to pay tax in Vietnam after a minister accused the streaming giant of dodging its obligations to the communist nation.