The Metropolitan Manila Development Authority last Feb. 25 released to the Film Academy of the Philippines the amount of P400,000 as the first tranche of the Academy’s share from the proceeds of the amusement tax rebate during last December’s film festival.
The occasion was the launching of the 2013 Metro Manila Filmfest and the appreciation dinner for the last filmfest. It was held at the H2O Hotel in Manila.
In November, 2010, President Aquino ordered a revised distribution of the Metro Manila Film Festival proceeds which increased the share of the Academy from 10 to 20 percent.
The distribution of the amusement tax proceeds is as follows:
Film Academy of the Philippines 20%
Motion Picture Anti-Film Piracy Council 20%
Optical Media Board 5%
Film Development Council of the Philippines 5%
Since 2006, the sharing scheme was as follows: MOWELFUND and the Presidential Social Fund, 35% each; the Academy and the FDCP, 10% each; and the Anti-Film Piracy Council and the OMB, 5% each.
Before this, the sharing had MOWELFUND, FAP and the Anti-Film Piracy Council getting 30% each with the remaining 10% going to the Presidential Social Fund.
The total share of the FAP for the past years are as follows:
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