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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Belgium

In Belgium, the administrative burden on start-ups is above the OECD median. In 2017, the Federal government introduced a plan to ease the regulatory burden for SMEs, totalling 120 measures. Every 6 months, a service within the Prime Ministers’ office will monitor implementation, progress and impact. In addition, the administration operated a “tax shift” in 2016 with a view to alleviating corporate and labour tax burden on SMEs. Central to this plan is a gradual reduction in employers’ social security contributions (SSC) from an average 33% in 2015 to 25% by 2019, an SSC exemption for SME first hire, and SSC reductions for the second to sixth hire, as well as for the recruitment of low-wage and underrepresented workers. Corporate income tax will also be gradually lowered with reduced rates for SMEs. In addition Easybrussels was set up in 2015 as Brussels administrative simplification agency. Its role is to disseminate the policy of administrative simplification within all the institutions of the Brussels-Capital Region. It sets out its actions for the coming years in the Administrative Simplification Plan (2015-20)

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