Jan 25
CALOOCAN TURNS OVER CULTURAL TAX SHARE TO FAP by fapweb  |  Posted in Articles  |  on Fri, Jan 25, 2013

Caloocan becomes the fifth city in Metropolitan Manila to turn over the 20 percent tax share on the 25-centavo Cultural Development Tax collected by movie houses to the Film Academy of the Philippines for the year 2012.

Within last year, Quezon City, Makati, Manila and Pasay also sent checks to the Academy for its share of the cultural tax.

The amount of the FAP share collected from Caloocan moviehouses amounted to P197,312.35.

For 2012, the following amounts of the Academy share had been received by the FAP:

May 25 Quezon City P2,889,593.53
June 6 Makati City P 363,308.90
June 20 Manila P 413,582.58
Sept. 10 Pasay City P 743,271.65

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