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Irish Film Industry Gets Tax Boost for Local Productions
Ireland's Section 481 film tax incentive now stands at 40% and is applicable to productions with a maximum global budget of $22.1 million.
Minister for Finance Jack Chambers unveiled the new measures, which aims to bolster domestic feature film production. These enhancements support the continued development of Ireland as a cultural powerhouse and a creative production partner on an international scale.” The enhanced incentives come in the wake of neighbor U.K.’s new Independent Film Tax Credit, which was introduced in March and is already having an impact.
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