Reduced compliance burden for businesses
The Federal Cabinet has passed a draft law to reduce the compliance burden for businesses. The draft law aims to simplify and digitize administrative processes, reduce reporting obligations and strengthen the principle of proportionality.
The draft law contains a number of measures to achieve these goals, including:
- Simplifying and standardizing forms and processes
- Digitizing administrative processes
- Reducing the number of reporting obligations
- Strengthening the principle of proportionality
The draft law also includes a number of measures to improve the enforcement of compliance rules. These measures include:
- Increasing the use of risk-based audits
- Strengthening the powers of enforcement authorities
- Improving cooperation between enforcement authorities
The draft law is expected to be passed by the Bundestag in the coming months. It will then enter into force on January 1, 2024.
The draft law is part of the government’s efforts to reduce the burden on businesses and improve the competitiveness of the German economy. The government has already implemented a number of measures to reduce the compliance burden, including:
- Introducing a one-stop shop for businesses to access information on compliance requirements
- Providing funding for businesses to implement compliance measures
- Establishing a task force to identify and reduce unnecessary compliance requirements
The draft law is a welcome step towards reducing the compliance burden for businesses. It will help to simplify and digitize administrative processes, reduce reporting obligations and strengthen the principle of proportionality. The draft law is expected to have a positive impact on the competitiveness of the German economy.
Geringerer Erfüllungsaufwand für die Wirtschaft
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Kurzmeldungen (hib) a new article on 2025-02-03 13:32 titled “Geringerer Erfüllungsaufwand für die Wirtschaft”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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