Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-998"
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"en.20100308.19.1-998"2
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"The prosperity of the EU will depend on the success of SMEs. The EU and the Member States should therefore create a favourable environment for these enterprises. The greatest obstacle reported by SMEs is compliance with administrative formalities. In fact, SMEs bear a regulatory and administrative burden that is disproportionate in comparison with big enterprises. It is estimated that for every euro a large enterprise spends for one worker on account of regulatory duties, a small enterprise might have to spend up to EUR 10. In this Commission proposal, the concept of micro-enterprises is broadened to define them as enterprises which, as at the balance date, do not exceed the limits of two of the following criteria: a balance sheet total of EUR 500 000, net turnover of EUR 1 000 000 and/or an average number of employees during the financial year of 10 persons. The Member States could choose to exempt these micro-enterprises from implementation of the Community Directive on annual accounts. In any case, micro-enterprises will continue to keep their sales and transactions records for management and tax information purposes. In Portugal, 356 140 Portuguese enterprises could be covered by this exemption."@en1
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