European Commission approves Ireland’s regional production strategy, Section 481 extension

Section 481 film tax credit worth up to 32% of qualifying spend extended to 2024.

The European Commission has approved Ireland’s Regional Film Development Uplift designed to support broader regional development of the audio-visual sector in Ireland, and the extension of the Section 481 film tax credit to 2024.

The Regional Film Development Uplift is a 5% increase on Section 481 worth up to 32% of qualifying spend. It will now be worth 37% to local and international productions that occur substantially in “assisted regions” areas designated as such under the regional aid map.

To qualify for the relief, producers must show training and skills development opportunities are
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