Does your company import cement, electricity, fertilisers, iron, steel or aluminum into the EU? Then you should take a closer look at the “Carbon Border Adjustment Mechanism” (CBAM) by now at the latest. On May 17, 2023, the regulation came into force, which stipulates the mandatory purchase of emission certificates for future imports of the above-mentioned substances from third countries. Certain regulations are already applicable from October 1st, 2023, before the regulation applies comprehensively from January 1st, 2026. In our newsletter you will receive a first brief overview.
Source KMLZ
Latest Posts in "European Union"
- EU Parliament Approves CBAM Reforms: New 50-Ton Threshold, Delayed Certificate Purchases to 2027
- ViDA: Transforming EU VAT with Harmonized e-Invoicing and Real-Time Reporting
- EU Court Ruling on Arcomet: Transfer Pricing Adjustments Pose VAT Risks for Companies
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud