SHANGHAI :
China's Film, Tax Authorities Tighten Rules to Curb Actors' Sky-High Salaries
Liao Shumin
DATE:  Jun 28 2018
/ SOURCE:  Yicai
China's Film, Tax Authorities Tighten Rules to Curb Actors' Sky-High Salaries China's Film, Tax Authorities Tighten Rules to Curb Actors' Sky-High Salaries

(Yicai Global) June 28 -- China's cultural and tax authorities have tightened their policy regarding limits for actors' remuneration after famous Chinese actress Fan Bingbing was accused of evading taxes early this month with her alleged secret duty-free contract.

The total salaries for all actors and guests in a video set cannot exceed 40 percent of the total production budget, state-backed Xinhua News Agency reported, citing the authorities' joint statement. The main actor's pay should not be more than 70 percent of this total sum.

The regulators also promised to enhance supervision to stop illegal payment practices in the USD8.6 billion film and TV sector. Those practices included the fake contracts, which drive up production costs, while undermining overall product quality and damaging the business. 

The regulators also wanted to curb the "growing tendency towards money worship" and prevent the "distortion of social values," according to the document.

Editor: Emmi Laine

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Keywords:   Film And Television Industry,Remuneration,Tax Evasion,Dual Contract,Fan Bingbing,Actors,Film