Legal Incentives

Article 11 Tax Credit for R&D

Structuring research spending to unlock the Article 11 tax incentive and finance technology development.

Ahdaf Refining2024
Article 11Incentive applied
R&D budget recycled
90 daysTo filing
Overview
  1. 1

    The challenge

    The refinery had an R&D budget but lacked the legal know-how to convert it into a tax credit.

  2. 2

    Our approach

    Novaco aligned the research contracts with the vice-presidency framework and prepared the documentation required for Article 11.

  3. 3

    The result

    A large share of research spending was converted into tax credit and reinvested into subsequent technology projects.

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