14 Oct - Malaysia's largest cinema exhibitor, Golden Screen Cinemas (GSC) has expressed its gratitude to the Government of Malaysia for their recent decision to reduce the entertainment tax from 25% to 10% for cinemas in the Federal Territory.
CEO of GSC Ms. Koh Mei Lee said, "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."
"The Government's support for local film production and talent development has been a pivotal factor in fostering growth within the entertainment industry. This reduction in entertainment tax is a testament to their commitment to the betterment of our film industry in Malaysia."
Ms. Koh further added that "this decision is timely as Malaysia is recovering from the impact of the pandemic and 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. As a responsible corporate entity, we are committed to contributing to the advancement of the film industry in Malaysia and the realisation of its potential as a world-class entertainment hub," Ms Koh concluded.