Visual Effects Uplift receives approval from the European Commission

The Department of Finance has confirmed the European Commission's approval of the Visual Effects (VFX) Uplift for the Film Tax Credit. Announced in Budget 2026, this measure introduces a new 40 percent rate of tax credit for productions with a minimum of €1 million of eligible expenditure on relevant VFX work. The rate will apply to eligible expenditure of up to a maximum of €10 million per production, with the standard rate of 32 percent continuing to apply for eligible expenditure above this cap.

The VFX uplift will be available to qualifying productions that receive cultural certificates from the Department of Culture, Communications and Sport. Work is currently underway to finalise the Regulations underpinning the new VFX provisions, and a commencement order is expected to be signed by the Tánaiste and Minister for Finance in the coming weeks.