Friday 23 March 2018

Tax break deal inked with South Africa will benefit film industry

IRISH film-makers will be able to access tax breaks and government funding in South Africa after a deal between both governments was signed at the Cannes Film Festival yesterday.

Arts Minister Jimmy Deenihan said the deal would open up new opportunities for Irish film-makers.

South Africa allows tax breaks for up to 35pc of production costs for films made by local companies. Ireland offers up to 28pc on a maximum spend of €50m.

The deal means that collaborations can claim the tax breaks in both countries.

"Today's agreement aims to allow Irish film-makers and production companies to forge closer links with their South African counterparts, for the benefit of both parties," Mr Deenihan said.

Recent Irish-South African co-productions include Andie MacDowell vehicle 'Tara Road'.

Irish Independent

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