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of <h1>New Guidelines for Film Cost Amortization: Provisional Deductions, Exploitation Adjustments, and Category-Based Rates.</h1> The circular provides guidelines for the amortization of production costs and distribution rights for film producers and distributors. Initially, assessments are to be made provisionally, allowing proportionate deductions based on estimated receipts, with adjustments made after the exploitation period. For producers, full cost deductions are allowed in the year of release if the film is fully exploited. Distributors can deduct costs based on collections during the exploitation period. The circular also categorizes films by production cost and outlines different amortization rates based on these categories. Pending assessments are to be adjusted according to these guidelines.
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