The Government has launched a new tax credit for the digital games sector
The relief will take the form of a refundable corporation tax credit available to digital games development companies for qualifying expenditure incurred on the design, production and testing of a digital game.
It is estimated that Ireland's digital gaming sector could be worth around €240 million, but games developed in Ireland account for a tiny portion of this figure.The new tax credit was launched by the Minister for Finance Paschal Donohoe and the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media Catherine Martin.
"Ireland is already a world leader in other areas of the audiovisual sector including film, television and animation production, I believe that this credit will be instrumental in replicating such successes in the digital gaming sector," Mr Donohoe said. "Today is an important day for the expanding Irish games industry and this scheme will help to create jobs in the creative and digital arts in Ireland," Ms Martin said.