Tax break extended to film producers from non-EU states

Hollywood and Bollywood movie producers could be queuing up to film major productions here after the Government moved to extend tax breaks to producers from non-EU states.

That’s the hope after Finance Minister Michael Noonan announced he was bringing a planned increase to 32% in the tax break forward from 2016 to 2015, and allowing non-EU producers to claim it for the first time.

The current tax break is 28%, and the increase and the broadening of eligibility is being brought in to combat incentives offered by the British government.