The EU simplifies its rules for companies

The EU Commission announced the offer of “simplification omnibus” to simplify unit legislation and to increase its competitiveness and its investment capacity.

The explanation states that the BAG law was an important step towards creating a cheaper business environment to help EU companies grow, grow innovative and to offer employment.

The EU Commission set the aim of simplification by providing at least 25 percent for administrative burdens and at least 35 percent for SMEs by the end of its term and said: “Omnibus package, sustainable financial reporting, sustainability status recognition, EU investment classification , Border carbon regulation on the border covers a comprehensive simplification in the areas Mechanism (CBAM) and European investment programs.

The explanation states that the proposals will reduce the complexity of the EU rules, especially for small medium -sized companies, focus on the largest companies that have a greater impact on the climate and the environment, and companies will enable companies to Get access to sustainable financing for clean transformation.

In the event that the proposals were met, around 6.3 billion euros will be saved in the annual administrative costs, and it was found that the additional public and private investment capacity of 50 billion euros was provided to support the priorities of politics.

In an explanation, around 80 percent of companies will assume the scope of sustainability reporting and are used for people with more than 1000 employees, small companies will not be a burden, the currently covered companies are postponed for 2 years.

The EU investment classification regulation was limited to the largest companies, as was reduced by 70 percent.

In an explanation, CBAM is simplified, small importers and companies are excluded from the CBAM obligations that have been recorded.

According to an explanation, it is pointed out that a new CBAM CBAM is transferred to the importer pro importer, CBAM is eliminated for 90 percent of importers.

The explanation states that the rules for companies are simplified as part of the CBAM scope and that the facilities are provided in the explanation, calculation and reporting.

The European Parliament (EP) and the Member States must be confirmed in order to put the relevant arrangement package into force.