Enterprises that carry out research and development projects.
To strengthen research and development activity and improve the competitive condition of innovation.
Deadline
For new projects 1 October each year.
For renewal of older projects 1 April each year.
The objective of the scheme is to strengthen research and development activity and improve the competitive condition of innovation enterprises by providing them with the right to tax credits in respect of costs of innovation projects.
The scheme applies to enterprises that carry out research and development projects which have been certified by the Icelandic Centre for Research. Universities and public agencies are not considered to be enterprises under this scheme.
The requirements for approval is that the project is a research or development project according to the definitions in act 152/2009 and also:
Further information in Icelandic - Skattfrádráttur rannsókna og þróunarverkefna.