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Slovak Republic to Provide New Depreciation Option for Technical Improvements of Tangible Assets — Orbitax
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Slovak Republic to Provide New Depreciation Option for Technical Improvements of Tangible Assets

|Proposed Changes|Slovak Republic
Slovak Republic

The Slovak parliament is considering a draft bill that provides for the introduction of a new option for the depreciation of technical improvements to tangible assets in order to encourage investment in modernizing and making certain assets more eco-friendly. Under current depreciation rules, the costs incurred in the technical improvement of a tangible asset increase the input value of the ta…

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