On 14 November 2019, the Finnish Government submitted draft Bill HE 85/2019 vp in parliament, which provides for increased depreciation of machinery, equipment, and similar movable fixed assets for tax years 2020 to 2023. This includes the doubling of the depreciation rate for assets acquired and put into service during these years. In particular, the 25% maximum depreciation rates using the declining-balance method is increased to 50%.