KUALA LUMPUR: Golden Screen Cinemas (GSC), a multiplex cinema operator, has expressed its gratitude to the government for its decision to reduce the entertainment tax.
Its chief executive officer Koh Mei Lee welcomed the government's recent announcement in the 2024 Budget presentation, which reduced the entertainment tax from 25 per cent to 10 per cent.
She believes that this change will unquestionably strengthen the country's entertainment scene.
"This reduction in tax has made entertainment accessible and affordable to the everyday rakyat, aligning perfectly with our corporate vision and furthering our shared goals," she said in a statement today.
She further said this reduction is a testament to the government's commitment to supporting local film production and talent development, a pivotal factor in fostering growth within the entertainment industry.
Koh also highlighted the timeliness of this decision as Malaysia continues to recover from the impact of the Covid-19 pandemic.
"The reduction of the entertainment tax will undoubtedly play a significant role in revitalising our business.
"It is an encouraging step that will help in boosting the post-pandemic recovery of the entertainment industry and will enable us to continue bringing world-class entertainment to our audiences.
"We pledge to work closely with the government to continue fostering an environment conducive to creativity, innovation, and growth within the entertainment industry," she added.
Yesterday, Prime Minister Datuk Seri Anwar Ibrahim announced a reduction of the entertainment tax from 25 percent to 10 per cent.
Anwar also proposed a special income tax incentive, ranging from zero to 10 per cent, to attract foreign film production companies, foreign film actors, and film crews to Malaysia as part of efforts to promote foreign film productions in the country.