32% Tax Credit

Screen Ireland also run an Additional Production Support Fund to support filming outside Dublin. Funding of up to €800,000 per project is available. More information on this fund can be found here:  https://www.screenireland.ie/funding/production-loans/nationwide-additi…

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SEC 481 - 32% TAX CREDIT:

•  The rate of tax credit is worth up to 32% of eligible Irish expenditure.
• The payable tax credit is based on the cost of all cast and crew working in Ireland, and all goods and services sourced in Ireland. This includes post-production and/or VFX.
• The incentive applies to feature film, television drama (singles or series), animation (excluding computer games) and creative documentary.
• Projects must satisfy the Culture Test and the Industry Development Test

• There is no annual cap or limit on the funding of the programme. The tax credit has a 'per project' cap of up to 32% of the lower of: 

  • All eligible expenditure
  • 80% of the total cost of production
  • €125 million

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Who is eligible to apply?

Applicatons to the Department of Culture (for a qualifying film certification) and then to the Revenue (for payment), is made by the 'Producer Company'.

The ‘Producer Company' must:

• Be Irish resident or trading through a branch or agency

• Be trading for at lease 12 months as a production company and have filed a corporation tax return with Revenue

• Not be connected to a broadcaster

• Must not be an 'undertaking in difficulty' (this requirement originates from EU State Aid rules)

• Hold 100% shareholding in a ‘Qualifying Company' which must be Irish resident and exsist as a Special Purpose Vehicle (SPV) to make one film

 

More information on Payment is available at:  https://www.screenireland.ie/filming/section-481