As part of the ‘Fit for 55 package’ that was published on 14 July 2021 by the European Commission, a proposal for a European Union Carbon Border Adjustment Mechanism (‘CBAM’) was released. The CBAM will be a levy on the importation of certain goods (i.e. cement, iron and steel, aluminium, electricity, and fertilisers). It is envisaged that the CBAM will enter into force as per 2023, whereby a transition period will apply between 2023 and 2026.
Source PwC NL
Latest Posts in "European Union"
- Comments on ECJ C-101/24 (Xyrality) – Judgment on app stores as VAT commissionaires
- ECJ Confirms Deemed Reseller Rule for App Store In-App Purchases
- VAT Challenges in Toll Manufacturing: Goods vs Services Classification Issues
- VAT and Transfer Pricing – Four recent cases @ ECJ/CJEU – 3 cases decided, 1 case pending
- Briefing document & Podcast: ECJ C-580/16 (Hans Bühler) – Late submission of recapitulative statements should not disqualify a business from exemptions
