Day-Lewis has earned rave reviews for his latest performance as a ruthless oil baron in Paul Thomas Anderson's film There Will Be Blood, which Paramount Vantage will release on December 26.
'Daniel Day-Lewis is a tremendously accomplished actor with an impressive body of work on both stage and screen,' festival chairman Earl Greenburg said, who praised the actor for his 'intense award winning performances over the years and particularly for his role in There Will be Blood.'
Day-Lewis won the best actor Oscar in 1990 for his role as an artist with cerebral palsy in My left Foot. His credits include Gangs Of New York, In The Name Of The Father, The Boxer and The Crucible.
Previous Desert Palm recipients include Nicolas Cage, Liam Neeson, John Travolta and Jake Gyllenhaal.
PSIFF is scheduled to run from January 3-14 2008. For further details visit www.psfilmfest.org.