You will be redirected back to your article in seconds

Ireland extends tax incentives for film, TV, toons

Biz added $196 mil to economy in 2011


Ireland’s government has extended its tax incentive for the film, TV and animation industries until 2020, finance minister Michael Noonan announced Wednesday.

Noonan said the existing tax relief scheme, Section 481, will be restructured as a tax credit in 2016 when it will include further enhancements.

“This demonstrates the commitment of the Irish government to the future of Ireland’s creative industries,” said James Morris, chairman of the Irish Film Board. “These changes will strengthen the sector as an important contributor to the Irish economy.”

The biz contributed more than €150 million ($196 million) to the economy in 2011, in terms of local spend on jobs and services.

“The extension of this scheme will give a great deal of certainty to the Irish audiovisual sector to the end of this decade,” said Jimmy Deenihan, minister for arts and heritage. “Moving to a tax credit model will be a significant change, but there is an extended lead-in period to the new arrangements to enable the sector to adapt.”

Section 481, introduced in 1997 but updated in 2006 and 2008, allows Irish tax payers to invest up to $65,300 in a special purpose film or TV production company, in any given year, for which they can claim 100% tax relief. The amount which can be invested depends on the production’s spend on Irish goods, services and facilities, including cast and crew.

Recent productions filming in Ireland included upcoming skeins “Vikings,” featuring Gabriel Byrne, with a local spend of $32.7 million, and “Ripper Street,” starring Matthew Macfadyen, with a spend of nearly $14.4 million.

More Film

  • Noah CentineoNickelodeon Kids' Choice Awards, Show,

    Kids’ Choice Awards 2019: JoJo Siwa, Noah Centineo Take on Bullying

    This year’s Nickelodeon Kids’ Choice Awards was full of positivity and encouragement to be yourself. DJ Khaled, known for his upbeat mantras, hosted the 32nd annual awards ceremony alongside JoJo Siwa at USC’s Galen center. Siwa accepted the award for favorite social music star. Siwa said in her acceptance speech, “I get hated on every [...]

  • Us Scriptwriter and Film-maker Larry Cohen

    Larry Cohen, Cult Horror Writer-Director of 'It's Alive,' Dies at 77

    Larry Cohen, best known for his work as a B-movie producer and director in the ’70s and his later work in screenwriting, has died. He was 77. Cohen’s friend, actor and publicist Shade Rupe, confirmed the news, which was announced in a post to Cohen’s official Facebook page. Rupe said Cohen died in Los Angeles [...]

  • Captain Marvel

    Box Office: 'Captain Marvel' Shatters $900 Million Milestone

    Brie Larson’s “Captain Marvel” continues to do heroic business. In its latest box office milestone, the female-fronted superhero tentpole zoomed past $900 million in ticket sales worldwide. “Captain Marvel” brought in a mighty $87 million globally this weekend, including $52 million from international territories. It has now generated $589 million overseas for a global haul [...]

  • Us - Lupita Nyong’o - cr:

    Box Office: Jordan Peele's 'Us' Stuns With $70 Million Opening Weekend

    Talk about scary good. Universal’s “Us,” the second directorial effort from Jordan Peele, pulled off a stunning debut, generating $70 million from 3,741 North American locations. That haul is enough to land it the second-best opening weekend of the year behind Disney’s “Captain Marvel” ($153 million). The psychological thriller about a family confronted by a [...]


    Film Review: 'Shazam!'

    In “Shazam!,” Zachary Levi brings off something so winning it’s irresistible. He plays a square-jawed, rippling-muscled man of might, with a cheesy Day-Glo lighting bolt affixed to his chest, who projects an insanely wholesome and old-fashioned idea of what a superhero can be. But he’s also playing a breathless teenage kid on the inside, and [...]

More From Our Brands

Access exclusive content