The Association Dominican Professionals of Cinema (Adocine) expressed this Monday his “strong” rejection of the proposal to repeal the incentives established in the Law 108-10, Cin LawHey called on President Luis Abinader to meet with that sector to talk about the issue.
The entity, chaired by the filmmaker Hans Garciareported in a statement released to the national press that this measure threatens a growing sector, which is the industry cinematography in the Dominican Republic.
This Monday, in LA Semanal with the Press, the minister of Tax authoritiesJosé Manuel –Jochi– Vicente, presented a series of adjustments as part of the proposal for Tax Modernization Lawwhich highlights the elimination or modification of incentives taxes that have been in force for decades for various sectors of the economy, among these the film industry.
Adocine denied that representatives of the industry has met with him governmentas Minister Vicente said, when the press asked him if the Government had reached consensus among the affected sectors.
“We received with surprise the assertion that they have met with all the affected sectors. We affirm and clarify that our sector has not been summoned at any time, despite the fact that we have publicly expressed on multiple occasions our willingness to dialogue and our attempts to formal approach, which have not received a response,” the letter says.
- According to data from Adocinethe repeal of these incentives would lead to the loss of more than 25,000 jobs and the bankruptcy of more than 375 companies in the sector.
- Furthermore, it would generate deep confusion among the more than 1,200 students who are currently pursuing a degree in cinema in more than six universities in the country.
The statement states that the contribution of the industry throughout the length and breadth of territory Dominican, with special emphasis on towns such as Santo Domingo, San Pedro de MacorÃs, Samaná, La Romana and soon Puerto Plata.
“The abrupt elimination of incentives would be a total ignorance of the growth of a industry that has achieved numerous triumphs at the international level and has elevated the Dominican Republic to levels of recognition that we had never imagined.
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“This reform would destroy the progress made by the country as a film destination, we would stop being competitive in an increasingly disputed regional scenario.
What we have achieved in just 6 years of real application of the law, we will deliver on a silver platter to Colombia, Mexico, Uruguay, Ecuador and Puerto Rico. Stopping receiving the fresh currencies that grow every year.
Unfortunately, the arguments presented to justify this measure make it clear that important data, such as the following, were not taken into account:a) The tax sacrifice is not RD$7,200,000.00 because it did not consider the payment of direct taxes such as ITBIS and ISR, which amount to more than RD$3,000,000.00.
b) These taxes are paid between 8 and 10 months before the Government delivers the Certificates of Transferable Tax Credits.
c) The earning of foreign currency during this same fiscal period, which was more than RD$14,000,000.00 due to the arrival of foreign productions, has not been taken into account.
will take claims
“Adocine remains firm in its fight and will carry its claims to the necessary scenarios. We call on President Luis Abinader to formally listen to the Dominicans who are part of this industry. The culture and the cinema They are fundamental pillars of our national identity. We demand respect and recognition for the collective efforts of all the professionals who are part of this vibrant industry“, concluded the statement.
