Section 481 of the Irish Finance Act is the tax based incentive for the Irish Film, Television and Animation industries. Part of its recent amendment includes specific provisions to support VFX and Post Production.
1. Section 481 refunds 32% of all eligible spend in Ireland to a production.
2. Eligible spend is defined as any person working on a production in Ireland [regardless of nationality] and all goods and services provided to the production by a company registered in Ireland.
3. To qualify for Section 481 a project may make an application at any stage during the production or post production process prior to completion of the work on the production.
4. Call a VFXAI member company for further details and information.