Subsea Valley Conference 5. april 2017 Erik Furseth Senior Advisor Petroleum Oil & Gas SkatteFUNN R&D Tax incentive scheme in Norway
I dag:g Contents: SkatteFUNN R&D Tax scheme SkatteFUNN facts and figures SkatteFUNN application process Examples from the industry Please ask questions along the way!!
I dag:g SkatteFUNN: Tax Incentive scheme to enhance R&D spending. The Norwegian Tax Act 16-40 Objective: Stimulate to more R&D activity in firms All firms in all business may apply. Must be a Norwegian registered enterprise The firm is liable to pay tax to Norway If not in tax position, the deduction will be paid in cash.
Sector Oil & Gas 2011-16 - Rogaland accounts for 35 % of total
2016 Active projects Technology areas TTA 1-4 Teknologiområde Aktive prosjekter i 2016 Mill. NOK Antall Budsjettert FoU kostnad Gj. snitt FoU kostnads Budsjettert skattefradrag Budsjettert innkjøp av FoU tjenster TTA1 Energi og Miljøteknologi 58 231 898 4,00 45 564 5 000 TTA2 Leting og økt utvinning 88 473 918 5,39 75 213 48 433 TTA3 Kostnadseffektiv boring og intervensjon 162 942 495 5,82 147 780 38 666 TTA4 Fremtidens teknologi for produksjon, prosessering og transport (SUBSEA dominate) 261 1 272 955 4,88 207 413 68 332 Tjenester 43 151 117 3,51 26 765 5 945 HMS 76 237 720 3,13 46 026 5 642 Annet 107 402 034 3,76 74 702 12 098 Total 796 3 716 637 4,67 624 362 184 116
O&G Projects in the neighbourhood (mill NOK) Antall Bedriftsnavn Samarbeid FoU Inst PostSted Kost_Bud 2016 Budsj_Skatte fradrag 2016 2 HALFWAVE AS Nei HØVIK 1 DNV GL AS Nei HØVIK 1 MIRIAM AS Nei HØVIK 1 HALFWAVE AS Ja HØVIK 5 Prosjekter HØVIK 29 700 5 890 1 AKER SUBSEA AS Ja LYSAKER 1 DR TECHN OLAV OLSEN AS Nei LYSAKER 1 EUREKA PUMPS AS Nei LYSAKER 1 EUREKA PUMPS AS Nei LYSAKER 2 MOSS MARITIME AS Nei LYSAKER 1 TECHNIP NORGE AS Ja LYSAKER 5 FJORDS PROCESSING AS Ja LYSAKER 1 NAUTILUS SUBSEA AS Nei LYSAKER 7 KVÆRNER AS Ja LYSAKER 1 KALKULO AS Nei LYSAKER 1 MAGSEIS ASA Nei LYSAKER 1 EUREKA PUMPS AS Nei LYSAKER 23 Prosjekter LYSAKER 133 295 16 358
The diversity of SkatteFUNN redder liv i militære operasjoner og hjelper syke barn
Too be eligible for a tax deduction, the R&D project must: have a goal, activity plan and a defined scope, where the project is not part of ordinary business operations; develop a new product, service or production method or improve upon the functionality or user experience of an existing product, service or production method; aim to generate new knowledge, skills and capabilities, or apply existing knowledge, skills and capabilities in new ways or in new areas; in general terms benefit the Norwegian company and its business strategy.
Tax Credit rates og total costs in 2017 SkatteFUNN R&D cost ceiling for R&D projects using company in-house R&D resources: Misc. purchased services and goods NOK 25.0 million (EUR 2.77m) SkatteFUNN R&D cost ceiling for R&D projects also using external but pre-approved R&D resources: NOK 50 million (EUR 5.55m) Maximum number of hours per employee per year: 1 850 hours Hourly rate: 1,2 of annual salary Maximum hourly rate: NOK 600 (EUR 67)
I dag:g Maximum Total public funding 2017. ESA Restrictions SkatteFUNN can be combined with other public incentive schemes RCN Demo2000, Petromax, Innovation Norway, i.e. The thresholds are divided between: Industrial Research (objective NEW knowledge) Experimental Development (usage of existing knowledge)
SkatteFUNN / RCN Process Company Utforme og sende søknad Utforme og sende inn årsrapport(er) Utforme og sende inn sluttrapport Godkjenning Retur Avslag Godkjenning Retur Godkjenning Retur Vurderer om prosjektet og bedriften kommer inn under SkatteFUNNordningen Kvalitetssikre årsrapporter Kvalitetssikre sluttrapporter Føre statistikk
Other Tax deduction partisipants The Company QC of costs Continuously maintain project accounting Utforme og sende inn RF-1053 med selvangivelse RF-1053 Tax return claim m/rf-1053 Tax Settlements Autorised Accountant Tax Autorities
Minitest Three absolutte criteria s for SkatteFUNN. Do you intend to develop a new or improved product, service or production process? You aims for a better functionality and experience for the users of a familiar or improved solution? Is new knowledge a necessity to reach your objective?
I dag:g Why will you start and implement the project? What will you do in the project How will you do it? What is the budget? When will you preform the activities? Who «others will contribute and in what? What will be the new opportunity after the project? What improved commercial opportunities will arise
Evaluation criteria's in SkatteFUNN What you must emphasize in the application process to SkatteFUNN
Provide a clear project description with a plan The advisor must understand the technology and challenges from the application. Exemplify and compare features with competitors You know the project and can describe it best Apply yourself and before 1. September!! WHAT WHY - HOW confidentiality
I dag:g Evaluation Criteria s for SkatteFUNN: Clear objectives, scope and time frame New or improved product service or production process New Knowledge and skills Benefitting the company. Any complexity / uncertainty? Minor adjustments or improvement are not R&D! Excepted activities: 16-40-2 (3) a. k.
Subsea related Companies and projects
I dag:g Kontakt oss hvis du trenger hjelp
IKT-forskerpool