Hollywood films soon to return to Indonesia
The dispute in Indonesia that has halted release of all Hollywood studio movies since February is set to come to an end.
The finance ministry is expected to scrap proposals for royalty tax on repatriated revenues and replace it with a new tax that is defined by the length of the imported film.
The move is expected to clear the way for the return of Hollywood movies to Indonesian screens in time for the summer blockbuster season.
Although details are still being hammered out, the solution was agreed in principle last week at a series of meeting between the finance, tax and tourism ministries, local distributors and the Motion Picture Association of America, which represents the major Hollywood studios. The finance ministry is expected to issue a notice this week.
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