IBEC: film tax breaks ‘vital’

The film industry was worth €21.2 million to the Exchequer last year, according to new figures.

IBEC’s Audiovisual Federation says this year is set to be the most successful ever for the film business and it is calling on the Government to retain the Section 481 tax breaks.

The Audiovisual Federation said yesterday that Section 481 should be retained as the film production business is a vital contributor to the Irish economy. The tax break is set to go by the end of 2004.