Draft Bill Submitted in Danish Parliament for First Phase of Green Tax Reforms

The Danish government has submitted in parliament draft bill L 178, which provides for the introduction of measures for the first phase of Denmark's green tax reform plans as part of efforts to reduce emissions by 70%. The measures of the draft bill include:

• An increase in the immediate (full) depreciation limit for SMEs from DKK 14,100 to DKK 30,000 in 2021 for investments in new and green operating assets;
• A 16% increase in the depreciation basis (116% of acquisition cost) for investment…