The Irish government has unveiled a major enhancement to its film production incentives, introducing a 40% tax credit specifically targeting visual effects work as part of budget 2026. Under the expanded Section 481 Film Tax Credit, projects that spend at least €1 million ($1.1 million) on qualifying VFX work will receive the elevated 40% relief rate. The government designed the measure to help Ireland better compete with countries like the U.K., France, New Zealand and Canada, which already