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Europe Daily Bulletin No. 9846

24 February 2009
Contents Publication in full By article 14 / 35
GENERAL NEWS / (eu) eu/company law
Commission puts finishing touches to controversial measure which will exempt micro-enterprises from European accounting obligations

Brussels, 23/02/2009 (Agence Europe) - On Wednesday 25 February, the European Commission is to propose to allow the Member States the opportunity to make European micro-enterprises exempt from the fourth accounting directive (78/660/EEC) on the annual accounts of capital companies. This will affect entities fulfilling one or two criteria of the following: - a turnover not exceeding one million euros; - total of 500,000 euros on their balance sheets; - no more than 10 members of staff. These...

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