SKATTEFUNN: Tax Deduction Scheme for Companies with Research and Development Projects
The SkatteFUNN Tax Deduction Scheme offers Norwegian companies a 19% tax deduction on eligible R&D project costs to stimulate innovation and technological advancement.
Funder: Research Council of Norway
Due Dates: Open-ended (apply any time; for approval in the current tax year, apply by September 1)
Funding Amounts: Tax deduction of 19% of eligible R&D project costs; project duration: 1–48 months
Summary: Provides Norwegian companies with a tax deduction to support investment in research and development projects.
Key Information: Only Norwegian tax-liable companies registered in the Brønnøysund Register Centre are eligible.
Description
The SkatteFUNN Tax Deduction Scheme is a rights-based initiative designed to stimulate research and development (R&D) activities in Norwegian companies. Managed by the Research Council of Norway, the scheme provides a financial incentive in the form of tax deductions to encourage businesses to invest in R&D projects, driving innovation and technological advancement across all sectors. Companies can receive a tax deduction equivalent to 19% of eligible R&D project costs. The scheme is open to projects ranging from 1 to 48 months in duration and is available to companies of all sizes and industries, provided they meet the eligibility criteria.
