The implementation of the Goods and Services Tax (GST) on April 1 will have a minimal impact on ticket sales for TGV Cinemas, which operates 28 multiplex cinemas nationwide, says Chief Executive Officer Gerald V. Dibbayawan.
He said cinema ticket prices in the country are still the lowest in the region, and the six per cent GST is unlikely to deter the public from going to the movies this year.
"We are supportive of the GST although we are facing a challenging situation now because we have to pay a 25 per cent entertainment tax and another tax in the form of GST," he told reporters after the launch of the company's latest cinema, its first in Sabah and Sarawak, at Permaisuri Imperial City Mall here today.
State Assistant Minister for Communication Datuk Lee Kim Shin officially opened the cinema, which has been operating since December last year.
Gerald expressed hope the government would look into the plight of those in the entertainment industry, saying the entertainment tax would affect their earnings.
The Entertainments Duty Act 1953 imposes an entertainment tax on entertainments such as cinemas, nightclubs, stage shows, exhibitions, performances, amusements, games and sports, or any other activity stipulated by the Ministry of Finance (MoF) that imposes entry fees.
Gerald said TGV Cinemas plans to open six more cinemas nationwide including one in Kuching later this year, which will be the first IMAX cinema in Sabah and Sarawak.
He said the company would expand to Sabah early next year, with Kota Kinabalu as its first location, after opening four cinemas recently -- at Aeon Bukit Mertajam in Penang, Aeon Kulaijaya (Johor), Aeon Seri Manjung (Perak) and Jaya Shopping Centre (Petaling Jaya).
With the five new cinemas including in Miri, TGV Cinemas now has 28 multiplex cinemas with 225 screens and a total capacity of 39,100 seats.
Bernama
Thu Mar 12 2015
The implementation of the Goods and Services Tax (GST) on April 1 will have a minimal impact on ticket sales for TGV Cinemas.
AWANI Pagi: Pasca mesyuarat peruntukan MP pembangkang
Analisis Pasca Mesyuarat Peruntukan MP Pembangkang bersama Dr Mohammad Tawfik Yaakub, Penganalisis Politik UM.
ACCA: Profesional kewangan optimis namun berhati-hati dengan prospek ekonomi Malaysia
Bagaimanapun, kebimbangan terhadap kos operasi dan faktor luaran memerlukan pendekatan berhemat oleh organisasi kewangan dan perniagaan.
Op Selamat 22 catat penurunan kes kemalangan, kematian
Ketua Polis Negara Tan Sri Razarudin Husain berkata jumlah kes kemalangan menurun sebanyak 8,862 kes berbanding 8,989 kes pada tahun lepas.
AWANI Pagi: Joseph Kurup dalam kenangan
Temuramah bersama Edwin Laimin, Ketua Pemuda PBRS sempena mengenan Joseph Kurup dalam kenangan.
Bayern, Real akhiri cabaran Eropah Arsenal, City
Anak buah Thomas Tuchel mara ke pusingan empat terbaik, selepas menang 1-0 ke atas skuad kendalian Mikel Arteta.
Niaga AWANI: Revolutionizing finance with seamless expense management solutions
The challenges of managing expenses efficiently and meeting regulatory requirements are universal concerns for businesses. Let's explore on how Swipey, a fintech firm, addresses regulatory concerns and its role in promoting transparency and accountability in financial management.
#NiagaAWANI
#NiagaAWANI
Joseph Kurup pemimpin yang setia berkhidmat untuk Sabah
Joseph, 79, yang memiliki latar belakang sebagai pengamal undang-undang, dilahirkan di Tambunan pada 15 Dis 1944.
Pelepasan misi kemanusiaan Break the Seige of Gaza Freedom Flotilla
Aktivis kemanusiaan dari seluruh dunia bakal berkumpul di Istanbul, Turki pada 18 April ini (Khamis) untuk terlibat dalam persiapan akhir sempena misi Break The Seige of Gaza Freedom Flotilla.
Mereka yang terlibat dalam misi kemanusiaan ini bersatu di bawah gerakan Freedom Flotilla Coalition (FFC).
Untuk perkembangan lanjut, kita bersama rakan setugas, Nursyazwani Saiful Sham.
Mereka yang terlibat dalam misi kemanusiaan ini bersatu di bawah gerakan Freedom Flotilla Coalition (FFC).
Untuk perkembangan lanjut, kita bersama rakan setugas, Nursyazwani Saiful Sham.
TPM, Jemaah Menteri rakam ucapan takziah kepada Arthur sekeluarga
Mendiang Joseph Kurup disifatkan seorang teman yang sentiasa bersemangat mendukung obor perjuangan parti tatkala susah dan senang.
Pemimpin Hamas, Ismail Haniyeh lawat Turki hujung minggu ini - Erdogan
Presiden Turki akan menjadi tuan rumah kepada pemimpin kanan Hamas itu.