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 for such assets may be doubled. As compared to prior years increased depreciation relief that has been provided in...