The Minister for Finance Paschal Donohoe said the Knowledge Development Box - which encourages companies to develop Intellectual Property in Ireland - is to be extended for a further four years.

Announcing Budget 2023 measures, the Minister said he would also introduce amendments to the payable element of the Research & Development tax credit to make sure it is in line with the new international definitions.

He also said he would extend the film corporation tax credit beyond the current end date of 2024 until December 2028.

He noted that the country in recent years has emerged as a location of choice for new and innovative multimedia industries, such as animation and digital gaming.

To this end, he said he wants to explore the opportunities for Ireland in the "unscripted production sector" to encourage international players to locate here and help bolster and sustain employment in indigenous businesses.

Mr Donohoe said that as well as extending the Key Employee Engagement Programme (KEEP) until the end of 2025, while he also plans to make further important changes to the measure.

The Special Assignee Relief Programme is also being extended until 2025, while the qualifying income will rise to €100,000.

The Minister also said he would extend the bank levy for another year.

He said that since its introduction in 2013, the bank levy has been extended on several occasions and currently applies to the end of this year.

The current annual yield of this levy is about €87m a year.