Ireland announces an increased tax credit for films produced in Ireland that have large visual effects (VFX) budgets, according to multiple outlets. The measure is intended to support the Irish screen industry by improving Ireland’s competitiveness and encouraging further investment in film production that relies heavily on VFX work.
While the reports do not provide detailed figures in the supplied text, they describe the policy as a change that allows qualifying productions to apply for a higher level of tax credit if their VFX spending meets the scheme’s criteria. Irish Mirror reports that the Government expects the initiative to boost investment and help create or sustain highly skilled jobs. BreakingNews.ie characterizes the approach as making Ireland more attractive to film projects with major VFX components.
Overall, the coverage indicates the Government is expanding an existing incentive for Irish-made productions with substantial VFX budgets, with the stated goal of strengthening the local screen sector and associated employment.
