Activities of Diogo FEIO related to 2009/0035(COD)
Plenary speeches (10)
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Annual accounts of certain types of companies as regards micro-entities (debate)
Amendments (5)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
The Committee on Economic and Monetary Affairs calls on the Committee on Legal Affairs, as the committee responsible, to propose rejection ofthat the Commission proposal be amended as proposed in the above amendments, and to ask for a general revision of the 4th and 7th Company Law Directives in 2010, in particular as regards SMEs and micro- entities whose annual net turnover from cross-border trade is above 10%, accompanied by an all-inclusive impact assessment.
Amendment 9 #
Proposal for a directive – amending act
Recital 6
Recital 6
(6) Micro-entities are however often subject to the same reporting rules as larger companies. Those rules put a burden on them which is not in proportion to their size and is therefore disproportionate for the smallest enterprises as compared to the larger enterprises. Therefore it should be possible immediately to exempt micro- entities from the obligation to draw up annual accountswhose activities are essentially carried out in a Member State or at local or regional level, and whose annual net turnover from cross-border transactions is 10% or less, from the obligation to draw up annual accounts in accordance with the 4th Company Law Directive (Directive 78/660/EEC), even if such accounts provide an input for statistical information.
Amendment 12 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1a – paragraph 1 – subparagraph 1 a (new)
Article 1a – paragraph 1 – subparagraph 1 a (new)
In addition to these requirements, and in order for micro-entities to be exempted from the scope of the Directive by the Member State, they must carry out their activities essentially in the Member State or at local or regional level, with an annual net turnover from cross-border transactions of 10% or less.
Amendment 14 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1a – paragraph 2 – subparagraph 1
Article 1a – paragraph 2 – subparagraph 1
2. Where on its balance sheet date, a company exceeds the limits of two of the three criteria set out in paragraph 1 in two consecutive financial years, or where more than 10% of its annual net turnover after two consecutive years stems from cross- border trade, even though its activities are essentially carried out at the level of the Member State or at local or regional level, that company may no longer benefit from the exemption referred to in that paragraph.
Amendment 19 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1a – paragraph 2 – subparagraph 2
Article 1a – paragraph 2 – subparagraph 2
Where on its balance sheet date, a company has ceased to exceed the limits of two of the three criteria set out in paragraph 1, and where 10% or less of its annual net turnover stemmed from cross- border trade, since its activities were essentially carried out at the level of the Member State or at local or regional level, it may benefit from the exemption referred to in that paragraph, provided that it has not exceeded those limits in two consecutive financial years.