Ireland Tax Agency Updates Guidance on Film Corporation Tax Credit

The Irish Revenue Commissioners March 30 issued Revenue eBrief No. 068/26, and updated guidance on the film corporation tax credit under Taxes Consolidation Act 1997. Updated topics include: 1) the enhanced 40 percent credit rate, increased from the standard 32 percent rate, for lower budget feature film projects with qualifying expenditures not exceeding 20 million euros (US$23 million), that are certified on or after May 20, 2025, and for which one or more key creative roles are carried out by Irish or European Economic Area (EEA) nationals or ordinary residents; 2) application requirements for the enhanced credit, and the requirement ...