EBU Single Rulebook Q&A 11 March 2020 2020_5171 Deduction of software
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European Union · · · 22-12-2022
Should software be deducted from own funds net of the whole amount of tax deductible amortisation that will be recorded throughout their life? Investment in software are recorded as an asset in the balance sheet and amortised over their life. Amortisation is tax deductible, which recreates CET1.
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