Germany Allows Full Deduction for Acquisition of Computer Hardware and Software

The German Federal and State government reportedly agreed on 20 January 2021 to allow a full current-year deduction for expenses incurred for the acquisition of computer hardware and software, including laptops, printers, scanners, monitors, etc. The full current-year deduction is provided instead of the standard requirements to depreciate such assets (generally over three years). The allowed f…
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