Incentives aimed at attracting more movies like 'Star Wars'
Published 10/10/2015 | 02:30
Tax breaks aimed at attracting blockbuster movies such as 'Star Wars' to Ireland are to be extended in the Budget, the Irish Independent has learned.
At present, filmmakers can apply to the Revenue Commissioners for tax relief on investments up to €50m. However, Finance Minister Michael Noonan is to increase that amount next Tuesday in the hope of luring big budget Hollywood productions here.
Arts Minister Heather Humphreys has lobbied for the cap to be raised significantly in the Budget and sources say her request is being looked upon favourably by the Department of Finance.
The Government believes that combining Ireland's scenic locations with a strong package of tax incentives will bring more filmmakers here and ultimately result in significant investment in the economy.
"Attracting 'Star Wars' back to Skellig Michael has done a huge amount for Ireland's reputation as a world class international film location," a source said. "It's important to realise that when these film productions come to Ireland, they hire local crews, so there is a very positive jobs spin-off."