The Irish game developers sector last week achieved some parity with film and animation producers, with the budget paving the way for tax relief of 32 per cent on projects costing up to €25 million. Craig Stephens of IMIRT, the Irish video games association, thinks the incentive will draw game developers to Ireland, similar to when Quebec announced a credit in 1998.
Ireland lags behind Canada, which offers 40 per cent relief on expenses of up to $100,000 (€67,000) per title and 35 per cent of labour costs, but breaks here surpass those of France and Australia, who offer 30 per cent relief on all expenses. The UK introduced a 25 per cent tax break in 2014.
Vela Games recently completed a €14.1 million funding round led by Ubisoft, which publishes Assassin’s Creed
Dublin-based Vela Games founder Travis George sees the