NEW LAW ON CINEMA TO BOOST KAZAKH FILM INDUSTRY’S GROWTH

Kazakh Parliament’s Lower Chamber members discussed the Draft Law on Cinema in Astana’s National Academic Library. The meeting was attended by the Kazakh Culture and Sports Minister Arystanbek Mukhamediooly, various ministries’ reps and international experts.

Beibit Mamrayev, Chairman of Social and Political Development Committee under the Kazakh Parlament’s Lower Chumber noted the importance of adoption of the Law in terms of the country’s whole film industry regulation.

Mr. Mulhamediooly spoke about government support to the film industry, development of administrative and technological bases for film production and terms to attract foreign investments in the film industry.

He said his Ministry launches new projects to enable the country’s film industry growth and the Law on Cinema is key to this growth.

“While drafting the Law, we studied the similar legislations of the world’s leading film producing countries like France, Germany, China, Russia, UK, USA and Canada. A number of key initiatives were identified, such as National Films Support Fund, tax exemptions, digital film monitoring system”, said Mr. Mukhamedi. “We need a tax regime that will provide film producers with film production refunds of up to 25% - 30% of all film production costs”.

A special amendment to the Entrepreneurial Code is to be reviewed by the Parliament in the scope of the Draft Law on Cinema discussions. 

The invited US film industry experts provided their perspective. Jay K Footlick, NBC Universal, Inc representative and founding president and CEO of Global Policy Initiatives (GPI) consulting firm spoke on increasing Kazakhstan’s investment attractiveness by implementation of tax exemptions. Mr. Footlick consults companies from Top 500 list of companies, NGOs, startups, foreign affairs ministries and embassies.

“A simplified law will have a great impact”, he said. “If the amendments will find their way into the draft law, the law will serve as a reliable basis for attracting investments to the country and will boost the local film industry”.

Peter Tichansky, president and CEO of Business Council for International Understanding (BCIU), emphasized that cooperation with major film and television corporations is vital in making the draft Law on Cinema work. Mr. Tichansky is consulting senior corporate and political leaders to foster and strengthen relationships between business and government leaders around the world.

The experts are confident that the new draft law will regulate the local film industry and will open the country for collaboration with the world’s major film studios.

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