The economy is expected to be relieved of around 420 million euros per year.

The economy is expected to benefit from approximately €420 million in annual relief. (Photo: © auremar/123RF.com)

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Federal government adopts bureaucracy relief regulation

The Federal Cabinet has approved further measures to reduce bureaucracy. The easing of food information requirements is particularly important for the skilled trades.

In addition to the Fourth Bureaucracy Relief Act, the German Federal Government has now passed a Bureaucracy Relief Ordinance . The draft originated from the Federal Ministry of Justice , which compiled proposals from various ministries. The ordinance contains 32 legal amendments that, for legal reasons, cannot be enacted by law but only by ordinance. The regulations are expected to reduce the burden on businesses by approximately €420 million annually.

Bureaucracy Relief Ordinance: Read the text of the ordinance here . According to the Federal Ministry of Justice (BMJ), the largest share, amounting to approximately €400 million annually, is allocated to regulations simplifying invoicing by tax advisors . These invoicing processes are to be made easier and fully digital. Raising reporting thresholds for capital and payment transactions under the Foreign Trade and Payments Ordinance will provide further relief of approximately €14 million per year for businesses. A further €6 million in annual relief is expected from amendments to food law that allow for electronic information on ingredients and processing aids.

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The regulation is the final component of the Meseberg relief package, which will provide €3,5 billion in relief to the economy, explained Federal Justice Minister Marco Buschmann (FDP). "Compared to the initial draft regulation, we have increased the relief volume by several hundred million euros . We will continue in this spirit. Our next goal is a powerful annual bureaucracy reduction law for 2025. Because I am convinced that annual bureaucracy reduction laws will allow us to provide lasting and substantial relief."

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Text: / handwerksblatt.de

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