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Danish Government Agrees on Increased Deduction for Green Investment

|Approved Changes|Denmark
Denmark

The Danish Ministry of Taxation has announced that the government, together with the Socialist People's Party, the Conservative Party and the Social Liberal Party, has entered into a political agreement to provide companies an increased deduction for green investments. This includes that companies can increase the depreciation basis of investments in climate-friendly production contributing to the "green transition" by 8% from 1 January 2025 until 31 December 2026, i.e., a 108% depreciation …

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