Finance (No.2) Act 2023

Amendment of section 481 of Principal Act (relief for investment in films)

41. (1) Section 481 of the Principal Act is amended, in subsection (1), in paragraph (c) of the definition of “film corporation tax credit”, by the substitution of “€125,000,000” for “€70,000,000”.

(2) Subsection (1) shall apply to a qualifying film (within the meaning of section 481 of the Principal Act) in respect of which the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media issues a certificate (within the said meaning) after the coming into operation of this section.

(3) This section shall come into operation on such day as the Minister for Finance may appoint by order which day shall not be earlier than 1 January 2024.