Cost of film industry tax credits up 125 per cent
Incentive is worth €73.5 million to 12 claimants
The cost of tax credits for the largest players in the film industry increased by more than 125 per cent in the five-year period to 2015, new figures reveal.
The cost of tax breaks for the top 12 claimants was €73.5 million in 2015, the last year before the incentive was restructured. The top 12 claimants in 2011 cost just €25 million.
The tax break, known as section 481, provides generous incentives for the film and TV production sector. In 2015,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures