The Finnish tax authority has published guidance on the increased depreciation of machinery, equipment, and other similar fixed assets (machinery and equipment) as provided by law 1572/2019. The Law entered into force on 1 January 2020 and applies for the tax years 2020 to 2023
Under standard rules, the depreciation of machinery and equipment for a tax year may not exceed 25% of the balance of the expenditure. However, for tax years 2020 to 2023, Finland has provided that the depreciation f…