On 20 July 2020, the EFTA Surveillance Authority (ESA) has announced its approval of Norway's temporary additional 10% depreciation (from 20% to 30%) for group D assets (machinery, personal vehicles, movable furnishings, etc.) in the 2020 fiscal year.
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COVID-19 Pandemic: ESA approves temporary Norwegian rules on asset depreciation
The EFTA Surveillance Authority (ESA) has today approved a measure by the Norwegian government to stimulate liquidity for businesses by allowing an increase…