BUSINESS

EC wants to simplify SME taxation system

The European Commission intends to introduce, as of 2013, a unified taxation system for enterprises which operate in several EU member states. The measure, requested by Germany and France, is meant to reduce the negative impact that the use of different tax systems in the 27 member states has on small and medium-sized enterprises which operate or wish to extend their activity on the unified market, Money.ro reports. In practice, a SME operating in two or several EU states will be able to file a unified or “consolidated” tax return form for all incomes made in the EU, unlike now, when it has to file a form in each of the member states it operates in.

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