What happens when the application is approved?
In order to receive a tax deduction through SkatteFUNN, you must keep your project accounts on an ongoing basis and report on significant changes in the project. Here is an overview of what you need to remember to do after a project has received an approval.
Keep project account reports
Approved projects are obliged to keep project accounts on an ongoing basis, separate from other parts of the company's operating accounts.
Project reports to the Research Council
Approved projects must submit an annual or final report by 1 March.
Report changes
It is important that our information about the project is up-to-date and correct, both in terms of project content and administrative details.
Payment through the tax assessment
The payment is made through the tax assesment, either as a reduction in tax or as a payment for companies that are not in a tax position. They must claim deductions for the R&D expenses via the tax return via a separate topic card called "Tax deduction for research and development". See the Tax Administration's guidance for what you need to do in order to get a tax deduction (in Norwegian).
The project accounts must be approved by a state-authorised or registered auditor. The requirement for an auditor's certification applies regardless of whether the company is subject to the audit obligation or not. See the Tax Administration's website for more information.
The actual tax deduction may be lower or higher than what is budgeted for in the application. This is because the tax deduction is calculated from actual costs, not from the budget.
Appeal against rejection
You can appeal the decision. There is a separate scheme for appealing SkatteFUNN decisions that differ from our other schemes. The deadline for submitting a complaint is within three weeks of receiving the rejection letter, unless another deadline is specified.