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. --- 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 increased initial depreciation rate for investments in assets such as passenger cars, tractors and certain electronic installations in buildings, until the end of the year. An increased initial depreciation...