SkatteFUNN: Skattefradrag for forskning og utvikling i et nyskapende næringsliv

SkatteFUNN is a rights-based tax deduction scheme for Norwegian businesses engaged in research and development activities. The program provides a tax deduction of 19% of costs related to research and development projects, aimed at supporting innovation in the business sector. Companies can receive tax credits for projects lasting 1-48 months, with a maximum project cost of 25 million NOK per income year and per company. The program is administered by the Research Council of Norway (Forskningsrådet) and supports companies in developing or improving goods, services, or production processes through systematic R&D activities. The scheme is designed to encourage Norwegian businesses to invest in research and development by reducing the financial burden through tax incentives.