Less red tape for companies

16th October 2007, Comments 0 comments

16 October 2007, Companies have seen their administrative burden decline from 3.48 percent to 2.44 percent of the gross national product between 2000 and 2006. That amounts to a EUR 7.68 billion reduction in red tape.

16 October 2007

Companies have seen their administrative burden decline from 3.48 percent to 2.44 percent of the gross national product between 2000 and 2006. That amounts to a EUR 7.68 billion reduction in red tape.

This emerged from the two-year survey conducted at the request of the Agency for Administrative Simplification (DAV). Some 7,000 independent entrepreneurs and companies were asked about the number of hours they spend on administrative obligations every year and their financial contributions to external service providers, such as accountants, tax experts and social secretariats.


The results showed that the burden for independent entrepreneurs had declined from EUR 2.29 billion in 2000 to EUR 1.23 billion in 2006 or EUR 2.997 per self-employed person. For companies with at least 250 employees, the costs related to the fulfilling of their administrative obligations dropped once again by EUR 200 million compared with 2004.


In contrast, small and medium-sized enterprises saw not only a decline in the administrative burden with regard to employment and environment, but also an increase of EUR 1.41 billion of the costs related to fiscal matters in 2006.


[Copyright Expatica News 2007]
Subject: Belgian news

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