VATupdate

Share this post on

Clarification on CBAM Reporting Requirements

  • On 20 October 2023, the Federation of Belgian enterprises (VBO/FEB) hosted a CBAM information session with the European Commission and two Federal Public Services.
  • PwC raised a question about the definition of the Reporting Declarant in the CBAM legislation, which is causing ambiguity and uncertainty for economic operators.
  • The legislation does not include the possibility of a direct customs representative for imports, which is a common practice.
  • This creates uncertainty about who can fulfill the role of the Declarant.
  • The European Commission and the Federal Public Services were unable to provide a clear answer. Companies may need to declare their own goods or renegotiate contracts with customs brokers to comply with CBAM.

Source PwC

Sponsors:

VAT news
VAT news

Advertisements:

  • vatcomsult
  • AXWAY - VATupdate Banner