The Research Council of Norway recently released numbers showing a growing national interest for Skattefunn. In the last four years, the number of applications has more than doubled – from 1900 applications in 2013 to 4000 applications in 2017.
In the same period, Skattefunn-applications from companies in Agder have more than tripled – from 77 in 2013 to 248 in 2017 (Aust-Agder and Vest-Agder combined).
No other regions can show similar growth figures.
The Skattefunn R&D tax incentive scheme is a government program designed to stimulate research and development in Norwegian trade and industry. The incentive is tax credits and comes in the form of a possible deduction from a company’s payable corporate tax. The principle is that those who are innovative should pay less taxes that those who are not.
All branches of industry and all types of companies can apply for support from Skattefunn. To be eligible to apply, the company must seek to develop a new or improved product, service or production process through a dedicated R&D project. The project must generate new knowledge, skills and capabilities within the company.