Inquirer has reported today (April 9, 2014) that a bill that seeks to promote the country’s film tourism by providing tax incentives to production companies, both foreign and local, has been filed at the Senate. Senate Bill No. 2160 also known as the “Fostering Investment through Local and International Movies (FILM) Act” filed by Senator Juan Edgardo Angara “aims to attract filmmakers by providing incentives to film production companies primarily through tax credits ranging from 20 to 40 percent under a point-based incentive system.”
“Film tourism is a growing phenomenon wherein a destination is visited by tourists because it was featured in a movie, television or video. An interest in the nation and its positive image can eventually lead to an actual visit to the country,” Angara, vice chair of the Senate committee on tourism, said in a statement on Wednesday. “Thus, there is a need to promote the Philippines as a destination for filmmakers,” he said.
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