Nollywood Veteran Actor Ramsey Nouah, says despite the massive contribution of the film industry to the nation, taxation is frustrating the sector’s growth.
He said: “Taxation is inevitable. I support it, but right now Nollywood is heavily taxed. The equipment we use, whether old or new are heavily taxed. The industry is not yet self-sustaining. Yet we are slammed with taxes. The practitioners are taxed, the distributors are taxed. The Bank of Industry (BOI) pumped some money to expand the horizons of cinemas in Nigeria, quite commendable but it’s still too small.”
From the Cable
na so we am.... unfortunately the Fund recovered from these multiple taxes will get swallowed by some human snakes and monkey's
ReplyDeleteGone are the days of Nollywood, the industry is dead.
ReplyDeleteIs it only Nollywood? Everyone is heavily taxed as long as your details are in their books.
ReplyDeleteShior!
ReplyDeleteTaxation ko taxation nii!
Instead of you guys to work on your contents,stop nepotism and all sorts of practices crippling your industry,you find taxation as a convenient excuse for your lapses.