VATupdate

Share this post on

CBAM – The regulation was published in the Official Journal of the EU

On 16 May 2023, EU Regulation 2023/956 was published in the Official Journal of the European Union, establishing a carbon border adjustment mechanism (CBAM).

As indicated in article 1 of the Regulation, the objective of the CBAM is to address the issue of greenhouse gas emissions incorporated in the goods listed in Annex I of the same, at the time of their importation into the customs territory of the Union, to prevent the risk of carbon leakage outside the territory of the Union.

Source PwC

Sponsors:

VAT news
VAT news

Advertisements:

  • vatcomsult