Estonia is not supporting the proposal made by the European Commission to ease reporting obligation of small enterprises, writes Äripäev.
According to the proposal, small and micro-enterprises would no longer be obliged to submit cash flow reports, equity change reports and fill out about half of the notes to the financial statements.
A representative of the Ministry of Finance Kurmet Ojamaa has asked the opinion of the Chamber of Commerce and Industry, Estonian Small Business Association, Auditors’ Board, Accounting Board, etc. and said that all of them are of the opinion that it would worsen the transparency of the business environment.
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