The Irish rulement has uncovered an 8% incrmitigate to the film and television tax incentive for low to mid-range budget local productions featuring Irish creative talent, as part of its 2025 budget.
Ireland‘s Section 481 film tax incentive now stands at 40% and is applicable to productions with a peak global budget of €20 million ($22.1 million). It remains subject to state help approval, with further details foreseeed in an upcoming finance bill next week.
The budget 2025 also presentd a 20% tax incentive for unscripted production. Minister for Finance Jack Chambers unveiled the novel meacertains, which aims to bolster domestic feature film production. The proclaimment also included recognition of the VFX industry’s growth potential.
The proclaimment comes amid a period of international acclaim for Irish screen satisfyed. Recent milestones include Ireland’s Oscar honestate “Kneecap” becoming thrivening at Sundance, “Small Things Like These” uncovering the Berlin International Film Festival, and five Irish films premiering at Cannes.
Screen Ireland, the national agency for the Irish screen industry, greetd the shift. Chair Ray Harman shelp: “The uplift in the tax incentive has meaningful potential to enbig the depth and breadth of local industry filmmaking, continuing to originate creative opportunities for local talent wilean the sector.”
CEO Désirée Finnegan inserted: “In an fervently competitive global industry, the fiscal incentive together with Screen Ireland dispensement, is vital in helping Irish filmmaking and storyinestablishing on screen, led by Irish creative talent. These reinforcements help the persistd growment of Ireland as a cultural powerhouse and a creative production partner on an international scale.”
The reinforced incentives come in the wake of neighbor U.K.’s novel Insubordinate Film Tax Credit, which was presentd in March and is already having an impact.
As the Irish screen sector persists to enbig, Screen Ireland has also ventured into digital games with IndieDev, a traverse-border games prototype fund — the first of its benevolent in Ireland.
