The Scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Prior to 2015 the scheme operated by giving tax relief to individuals investing in the film industry. From 2015 the scheme provides direct support to film producer companies in the form of a tax credit [*]. The scheme is provided for in Section 481 of the Taxes Consolidation Act 1997 (as amended).
Summary of the Scheme
- The scheme provides relief in the form of a corporation tax credit related to the cost of production of
certain films. The credit is granted at a rate of 32% of the lowest of:
- eligible expenditure**
- 80% of the total cost of production of the film
- The minimum amount that must be spent on the production is €250,000 and the minimum eligible expenditure amount to qualify is €125,000.
The conditions are outlined in Guidance Note for Section 481 Investment in Film (PDF,1.4MB).
** Eligible expenditure is expenditure incurred by the qualifying company on the employment of eligible individuals or on goods, services or facilities within the State on the production of a qualifying film.
Queries on the Scheme
Any queries in relation to the scheme should be addressed to:
Incentives and Financial Services Branch
Office of the Revenue Commissioners,
Further information on the scheme can be found at the following links:
- Application form for Certification of a Film Project under section 481 Taxes Consolidation Act 1997 as amended (PDF,196KB)
- Guidance Note for Section 481 Investment in Film (PDF, 1.4MB)
- S481 of the Taxes Consolidation Act 1997 (as amended) (PDF, 221KB)
- Film Withholding Tax
- S.I. No. 004 of 2015 (PDF, 78KB) - Film Regulations 2015
- Guidance notes for Taxation of Individuals Engaged in the Irish Film Industry (MS Word, 95KB)
In accordance with the European Commission Communication on State aid for films and other audiovisual works (OJEU communication C 332/01) certain details in relation to recipients of corporation tax credits under the new Section 481 film relief scheme are now published. This list will be updated on a quarterly basis.
- Beneficiaries of tax relief during 2016 under S481 film corporation tax credit scheme
- Beneficiaries of tax relief during 2015 under S481 film corporation tax credit scheme
* Definitions can be found in the Revenue Guidance notes linked above