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However, action at a national level is not enough on its own: more than half of the current bureaucratic burden comes from the EU. That is why, together with France, we have launched a European bureaucracy reduction initiative. We are seeking to implement a European bureaucracy cost check to ensure transparency and achieve improvements, and to reduce new reporting obligations to a minimum.
We are abolishing hotel registration requirements for all guests who are German nationals, saving:
• around €62 million every year
• nearly 3 million hours of form-filling annually
We are shortening retention periods under commercial and tax law for documents such as copies of invoices, account statements and payroll records from 10 to 8 years.
• Potential savings: around €625 million every year
Rules requiring paper documents with manual signatures are to be completely abolished whenever possible, and otherwise replaced with a requirement for “text form” (for example e-mail).
In future, employers will no longer have to issue their tax advisers with individual authorisations for each social security provider. Instead, a general agent authorisation can be registered electronically in a central database.
• Annual savings of around €200 million for business and
around €40 million for public administration
The financial thresholds used to categorise companies for accounting purposes are to be raised by around 25%.
• Potential savings: around €650 million