The European Parliament and the EU Council have approved the draft regulation on the CBAM (Carbon Border Adjustment Mechanism), the issue that have popped out on our blog several times. Pursuant to this draft, the first obligations related to CBAM will apply from 1 October 2023.
CBAM aims to minimize the risk related to the import of goods from third countries that do not apply EU measures for cutting greenhouse gas emissions by imposing additional costs on importers. This cost will depend primarily on embedded emissions and will be settled through CBAM certificates.
Source: mddp.pl
Latest Posts in "European Union"
- From matchmaker to supplier: deemed supplies and platform classification under EU VAT
- European Commission Report Highlights Uneven VAT Rate Exemptions Across EU Member States
- EU Packaging Regulation Faces Legal Challenges Over Reusability, Plastic Ban, and Deposit Requirements
- European Union Adopts Peppol PINT Billing Standard for E-Invoice Interoperability
- VAT Exemption for Bitcoin Exchange Transactions Under EU Court Ruling
