1. Nantosuelta Entertainment Films offers Ireland's Filming Incentive (32%) upfront as well as additional finance.
(The minimum spend for the Irish film incentive is €125,000 and the Maximum spend, eligible is €70,000,000).
2. The incentive includes above and below the line expenditure, regardless of nationality.
3. Our network, film professionals and partners are the top 1% in their field including Oscar winning and nominated talent.
4. The Irish entertainment industry's talent is growing at a rapid speed making the crews rich in experience.
5. Ireland is also part of the European work force, meaning our growth rate and pool of talent is large.
Take a little look at what Ireland has to offer by visiting the captivating links below.
Section 481 - Summary of schemed (32% Filming incentive)
Ireland's tax incentive ‘Section 481’ for film and television offers a payable tax credit program worth up to 32% of eligible Irish expenditure, based on the cost of all cast & crew working in Ireland, regardless of nationality and includes above the line spending.
The incentive applies to:
- Feature film
- TV drama (single or series)
- Animation (excluding computer games)
- Creative documentary.
Projects must either pass the Cultural Test or qualify as an official co-production under one of Ireland's Bilateral Co-Production Treaties or the European Convention on Cinematographic Co-Production.
Summary of Ireland's film Incentive
- It 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
- €70,000,000. (70 million Euro is the funding cap for 2016)
- 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 Producer company (Nantosuelta Entertainment Films) must comply with the following:
- be tax resident in Ireland, or an European Economic Area (EEA) tax resident company trading in Ireland through a branch or agency;
- have carried on a trade of producing films for at least 21 months prior to making an application to Irish Revenue;
- is not a broadcaster or connected to a broadcaster; or
- has filed the required tax returns with Irish Revenue for the qualifying period preceding the application.