Written by Kianna Best on Oct 1, 2024. Posted in Awards and Festivals

Fís Éireann/Screen Ireland welcomes 8% boost to film and television tax incentive

The Irish government and minister of finance Jack Chambers T.D announced today in the Budget 2025 an 8% uplift for the local film and television incentive. This uplift will apply to feature film productions with a maximum global budget of EUR 20 million (GBP 16.7 million) and joins the additional introduction of a 20% tax incentive for unscripted production.

Image courtesy of Mk2 films

Currently the Irish tax incentive offers filmmakers a 32% tax on eligible expenditure of up to EUR 125 million. The tax incentive is available to up to 80% of the total cost of production. The 8% boost also brings the incentive on par with the UK Independent Film tax break. Further details of the newly updated incentive will be confirmed in the finance bill next week.

“On behalf of the Board of Fís Éireann/Screen Ireland, we’d like to sincerely thank Minister Catherine Martin and Minister Jack Chambers, for their continued support of the Irish screen industry, and recognition of its power and potential,” commented Ray Harman, chair of Board of  Fís Éireann/Screen Ireland. “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.”

Image courtesy of MUBI

“The Irish Government has continued to recognise the cultural, critical and commercial success of Irish film, television and animation,” stated Désirée Finnegan, chief executive, Fís Éireann/Screen Ireland. “We would like to thank Minister Catherine Martin for her steadfast support of the Irish screen industry and Minister Jack Chambers for the new sectoral supports announced today.

“Screen Ireland is delighted to welcome the incentive uplift to further develop Irish cinema, local production and creative artists. 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.”