Minister for Finance, Paschal O'Donohoe, as part of Budget 2021 has announced that the Irish games industry will be presented with a tax break that is aimed to be introduced in 2022. The scheme will be based on the current British tax break which allows companies to claim 20% of the costs of development. This course of action is a reaction to lobbying from Imirt in conjunction with other digital media bodies as well as the positive impact of covid-19 on the games sector in Ireland.
Ireland has some world class game development talent, which will be enabled to grow as a result of this direct support. We have been campaigning for section 481 (or similar initiative) to be extended to game dev for years and are excited to continue working with our gov to provide expert advice and inside data on the market.