The EU Carbon Border Adjustment Mechanism (CBAM) comes into effect on 1 October 2023. CBAM seeks to address the risk of ‘carbon leakage’ (the offshoring of carbon-intensive manufacturing activities) by putting a carbon price on the import into the EU of certain carbon-intensive goods that is equivalent to the carbon price of domestic production (less any carbon price already paid).
Source: Deloitte
Latest Posts in "European Union"
- ECJ State Aid C-360/25 (X) – Questions – Legal Validity of the Bank-to-Bank VAT Exemption
- EU and Indonesia conclude negotiations on free trade agreement
- ECJ Case: VAT Treatment of Loyalty Points vs Vouchers Under EU Directive
- FISC Hearing on Tax Implications of Trump Administration Policies September 23
- VAT Rules for Virtual Game Currencies: EU Court Advocate General Opinion
