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Record number of companies seeking tax deduction for innovation projects

In the last year, the number of applications to the SkatteFUNN R&D Tax Incentive Scheme has risen by 20 per cent. These figures show that innovation activity among Norwegian companies is on the rise.

The SkatteFUNN scheme received a total of 2 291 applications from 1 870 Norwegian companies by 1 September, representing a 20 per cent increase from 2013 and a total increase of 46 per cent compared with 2012. Applications submitted by 1 September are guaranteed to be fully processed by the end of 2014.
 
Goal-oriented initiative
“We see these figures as a sure sign that more companies have understood the value of investing in research and development,” states Anne Kjersti Fahlvik, Executive Director of the Division for Innovation at the Research Council of Norway. She also points out that the Council’s efforts to simplify the scheme and to make it more visible have also played a role in the increase.

Measures implemented by the Research Council to encourage more companies to apply for a SkatteFUNN tax deduction include a simpler application form and improved webpages. The Research Council and Innovation Norway have conducted active communication activities by organising the SkatteFUNN school, open house events throughout the country and providing information to companies through channels such as trade organisations, knowledge parks and accountants.

Prioritised by the Government
“The current non-socialist coalition Government and its predecessor, with the Norwegian Labour Party in the majority, have both given priority to the SkatteFUNN scheme. As of 1 January 2014, there has been an increase in the framework for tax deductions on in-house research and development and the maximum hourly rate for the use of company R&D personnel. These improvements have made the scheme more relevant to a wider range of companies,” says Ms Fahlvik.

“The SkatteFUNN scheme plays an important role in achieving the long-term goal of increasing the competitiveness of Norwegian trade and industry through greater focus on research and development,” she adds.

Innovation in every industry
The table below shows the number of applications submitted under the SkatteFUNN scheme in 2013 and 2014 by the 1 September deadline. (Source: the SkatteFUNN Tax Deduction scheme database, the Research Council of Norway)

This overview shows the wide range of companies applying for a tax deduction under the SkatteFUNN scheme. The sector Other includes a large number of service projects that have submitted applications.

Sector/industry

No. of applications 2013

No. of applications 2014

Administration

94

102

Other

196

291

Building/construction

139

160

Health services

151

185

ICT

346

319

Agriculture/food

98

112

Energy

107

109

Culture/entertainment

45

46

Marine/seafood

194 

241

Maritime

125 

190

Metal

 27

 32

Environmental

 67

 72

Petroleum/oil and gas

233

311

Travel/tourism

 17

 30

Forestry/use of wood

 12

 18

Transport

 58

 73

Total

1 909 

 

2 291 

 

Activity in all counties
Applications to the SkatteFUNN scheme have been submitted by companies from all counties of Norway. Most applications come from businesses in the counties of Oslo and Akershus, but Hordaland, Rogaland and Sør-Trøndelag counties also display high levels of innovation activity.

The table below shows the number of applications submitted from 2012 to 2014 by the 1 September deadline. (Source: the SkatteFUNN Tax Deduction scheme database, the Research Council of Norway)

County

No. of applications 2012

No. of applications 2013

No. of applications 2014

Akershus

141

194

233

Aust-Agder

17

26

44

Buskerud

54

111

92

Finnmark

7

14

21

Hedmark

26

33

42

Hordaland

133

193

206

Møre og Romsdal

126

149

181

Nordland

83

64

104

Nord-Trøndelag

47

49

62

Oppland

39

34

50

Oslo

318

363

442

Rogaland

143

169

213

Sogn og Fjordane

16

34

60

Svalbard

1

0

0

Sør-Trøndelag

160

178

201

Telemark

38

55

50

Troms

44

53

52

Vest-Agder

48

51

66

Vestfold

67

88

102

Østfold

63

51

70

Total

1 571

1 909

2 291

 

 

 

 

 

Associated companies:


 

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