Irish film and TV industry calls for regional tax incentive to be extended

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Irish film and TV industry calls for regional tax incentive to be extended via IrishTimesBiz

SGI non-executive director Eoin Holohan said the guilds were confident that further incentives to locate productions in the regions would “pay dividends” in the long term.

The Finance Act 2018 introduced a short-term, tapered regional film development uplift. The scheme initially gave a further 5 per cent tax credit on top of the 32 per cent credit against corporation tax offered by Section 481. This reduced to 3 per cent in 2022 and it will be 2 per cent next year before expiring.

Since April 2019, more than 45 regional skills development plans have been submitted to Screen Ireland by recipients of the Section 481 regional uplift and more than 500 regional skills development participants have been tracked on those productions.

 

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