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Norway Publishes Law for Additional Depreciation for 2020 — Orbitax

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Norway Publishes Law for Additional Depreciation for 2020

|Approved Changes|Norway
Norway

Norway has published Law No. LOV-2020-06-23-103 in the Official Gazette, which includes the measure for additional depreciation included as part of the Revised National Budget for 2020, which is largely meant to support businesses impacted by the COVID-19 pandemic. The measure provides for an additional 10% depreciation (from 20% to 30%) for group D assets (machinery, personal vehicles, movabl…

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