Ireland boosts film and TV tax incentives to support local talent

New⁢ tax⁤ incentives aim to elevate Irish film and TV production

The Irish government ⁣has announced a⁢ significant enhancement to its film and television ⁣tax ⁤incentives, aiming to bolster local productions that showcase Irish⁢ creative talent. As part⁤ of the ⁣2025 budget, the ⁣ Section 481 film tax incentive has been increased by ⁤8%, now standing at 40%. This incentive is applicable to productions with a maximum global budget of €20 million ($22.1 million) and is subject to‌ state aid approval. ‍Further details are expected in an upcoming finance bill next week.

Expanding support⁤ for unscripted productions

In addition to the boost for scripted content, the budget also ‌introduced a 20% tax incentive for unscripted⁤ productions. Minister for ‌Finance Jack Chambers highlighted that these new measures are designed to strengthen domestic⁤ feature film production. The announcement also acknowledged the growing potential of the VFX industry in Ireland.

A period of international acclaim for Irish content

This announcement comes at a time when Irish screen content is receiving international⁤ recognition. Recent achievements include Ireland’s ‌Oscar candidate “Kneecap” winning at ‍Sundance, “Small Things Like These“⁢ opening​ the Berlin International Film Festival, and five Irish films premiering ⁢at Cannes.‍ These milestones underscore the ‍global appeal and quality of Irish filmmaking.

Industry leaders welcome the move

Screen Ireland, the ‌national agency for the Irish screen industry, has welcomed the government’s decision. Chair Ray Harman stated, “The uplift in the tax incentive has significant⁤ potential to expand the depth ‍and breadth of local industry filmmaking, continuing to build creative⁤ opportunities for local⁤ talent within the sector.”

CEO Désirée Finnegan added, “In an intensely competitive global industry, the fiscal incentive together with Screen Ireland investment, is vital in ⁢supporting Irish filmmaking and storytelling on screen, led by Irish creative talent. These enhancements support the continued development of Ireland⁢ as a cultural powerhouse and a creative production partner on an international scale.”

Comparative analysis with the UK

The enhanced incentives in Ireland‍ come in the wake of the U.K.’s new Independent Film Tax Credit, introduced in March, which is already making an impact. This comparative analysis highlights the competitive nature of ⁣the global film ⁣industry and the need for⁤ robust support mechanisms to attract and retain talent and⁢ productions.

Expanding into digital games

As the Irish screen sector ​continues to grow,​ Screen Ireland ⁤has also ventured into the digital games industry with IndieDev, a cross-border games prototype⁤ fund — the first of its kind in Ireland. This initiative aims to support the burgeoning digital games sector, providing opportunities for⁤ innovation and collaboration.

The future of Irish filmmaking

The⁣ increased tax‌ incentives and the strategic focus on both scripted and unscripted productions, as well as digital games, position Ireland as a formidable⁣ player in the global⁤ creative⁣ industry. These measures are expected to attract more international projects, foster local ‌talent, and enhance Ireland’s reputation as a hub for high-quality film and television production.

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