SKATTEFUNN: Tax Deduction Scheme for Companies with Research and Development Projects
SKATTEFUNN, run by the Research Council of Norway, incentivizes companies to undertake innovative R&D projects that advance technology and knowledge through a targeted tax deduction scheme.
Funder: Research Council of Norway
Due Dates: Open-ended (applications accepted year-round)
Funding Amounts: Up to 19% tax deduction on eligible R&D costs; annual deduction cap applies per project.
Summary: Tax deduction scheme to incentivize Norwegian companies to conduct R&D projects.
Key Information: Applicants must be registered in the Brønnøysund Register Centre and liable to pay tax in Norway.
Description
The SKATTEFUNN Tax Deduction Scheme is a rights-based initiative administered by the Research Council of Norway, in collaboration with the Norwegian Tax Administration. It aims to stimulate innovation and R&D activities in the private sector by providing Norwegian companies with a tax deduction for costs associated with research and development projects. The scheme supports projects that contribute to technological advancement and economic growth, whether through new products, services, or processes.
