Ireland to boost location filming incentive to entice international producers
Ireland will boost its location filming incentive to further entice producers as international competition increases. From 2015 the Irish programme - known as Section 481 – will offer a 32% payment on qualifying payment, a 4% increase on the current figure.
“The legislation published this week,” commented Irish Film Board Chief Executive James Hickey, “demonstrates the proactive approach that the Irish Government is taking in its commitment to the Irish film, television and animation industries."
“The enhancements to Irish tax incentive Section 481," Hickey added, "together with a modern film studio infrastructure, experienced local producers, award-winning cast and crew, and beautiful film locations, make Ireland a competitive base for international film and television.”
In December the Irish Government extended Section 481 through to 2020 and it was announced the incentive will become a tax credit from 2016. Increasing the payment will help Ireland compete with international rivals like the UK, which will launch a TV filming tax credit in the coming months.
Global Filming Incentive - Ireland (see more…)
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