Commencement of Film Withholding Tax

Section 25 of Finance (No.2) Act 2013 provided for the introduction of a film withholding tax (FWT) on relevant payments made by companies qualifying for the revised section 481 film tax credit. The legislation governing FWT is contained in sections 529B to 529M of the Taxes Consolidation Act 1997.

With effect from 10 January 2015, FWT will be applied to relevant payments made to visiting non-resident artistes, from outside the EU/EEA, where these artistes are engaged, by companies to appear in film and television productions made in the State.

Revenue’s Income Tax and Corporation Tax (Film Withholding Tax) Regulations 2015, S.I. No.18 of 2015 set out specific requirements governing aspects of FWT.

A guide to FWT is available on Revenue’s website. Part 18-01A-01 of the Income Tax, Corporation Tax and Capital Gains Tax Manual also refers.

26 March 2015