- The Law Amending the Environmental Management Act in relation to the transitional period for the introduction of a Carbon Border Adjustment Mechanism (CBAM) will come into effect on December 6, 2023.
- The Law implements the necessary provisions from the Carbon Border Adjustment Mechanism Regulation into the Environmental Management Act.
- Changes include the inclusion of the definition of “Carbon Border Adjustment Mechanism Regulation” in Article 1.1 of the Environmental Management Act.
- The Dutch Emissions Authority (NEa) will be responsible for implementing the Carbon Border Adjustment Mechanism Regulation.
- A new chapter, Chapter 16C, will be added to the Environmental Management Act, which establishes reporting obligations for importers of CBAM goods and grants the NEa the authority to impose penalties for non-compliance.
- The Carbon Border Adjustment Mechanism Regulation will come into effect on October 1, 2023, and this law ensures that the Netherlands appoints a national CBAM authority for the transitional period.
Source: taxlive.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
