The improvement to Section 481 film tax credit in the 2016 budget has been welcomed by Bord Scannán na hÉireann/ the Irish Film Board.
Minister announces additional funding of over €36 million in Arts and Culture and the intention to extend the Section 481 tax credit to December 2024.
Film In Cork, Cork City Council & Cork County Council are calling upon the Government to redress the exclusion of Cork from 5% Regional Uplift tax incentive
From May 1st 2016 the expenditure per project which can be supported by the Film Tax Credit will increase to €70 million.
New S481 requirement to submit a Skills Development Plan for approval by Screen Ireland for all projects with eligible expenditure in excess of €2 million.
The Audiovisual Federation says Budget 2017 must include measures to strengthen Ireland’s credentials as a world leader within the audiovisual sector.
The Regional Film Development Uplift will be available to productions being substantially undertaken in “assisted regions”.