EU sets out measures to cut red tape for SMEs on translation
The European Commission said it has approved a range of new measures designed to reduce the administrative burden for companies in Europe.
Companies will no longer need to publish business data in the national gazettes and may use translations certified in one Member State when opening branches in other Member States.
In the accounting area, parent companies without material subsidiaries will not need to prepare consolidated accounts. Furthermore medium-sized companies can be exempted from providing detailed data in the annual accounts.
Read more > Forbes
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