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BEST SCRIPT EVER! TAX INCENTIVES Print E-mail
This must be the best script for any movie any time soon!
Indeed, if this script was entered in any competition, chances are high that it would scoop most of the top awards.
In his Budget Speech on Thursday June 11th 2009, the Minister for Finance Hon Uhuru Kenyatta gave film makers incentives that are bound to trigger the growth of the Kenyan film industry and attract foreign film makers.
Below are Hon. Kenyatta's incentives for the film industry....
Mr. Speaker, our film industry has lagged behind other destinations such as  South Africa ,  Egypt , and  Nigeria . To encourage growth of this industry that has the potential to create employment to our youth, generate income and promote entertainment industry, I propose to remove the current import duty of 25 percent and VAT of 16 percent on television cameras, digital cameras and video camera recorders.
Mr. Speaker, Kenyans are leisure-loving people who enjoy watching Television Programs, but unfortunately the many programmes available to them are foreign programmes and movies. Many film makers find  Kenya expensive yet an attractive destination for shooting and making movies. To promote the film industry in  Kenya and also attract foreign film makers so as to profile  Kenya as a film making destination of choice, I propose to zero rate for VAT taxable goods and services offered to film producers.
Mr. Speaker, the Government fully recognizes the pool of talents we have in our country and the need to provide appropriate incentives to this upcoming industry to create employment opportunities for the youth. In this regard, Mr. Speaker, I also propose to grant a one hundred (100%) per cent investment deduction on capital expenditure incurred by a film producer on purchase of any filming equipment.
Do film scripts get better than this?
 
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