- Circular E_2072/2023 notifies Regulation (EU) 2023/956 CBAM
- CBAM is an environmental measure relating to the import of carbon-intensive goods
- CBAM was activated on October 1st, 2023
- The measure impacts certain goods such as aluminium, iron and steel, electricity, hydrogen, fertilisers, and cement
- The exact goods impacted are specified by TARIC Codes, Combined Nomenclature, or Harmonised System Codes
- Download the report for more detailed information on the new circular.
Source: pwc.com
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.
Latest Posts in "European Union"
- Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
- European Commission Reviews EU Member States’ Use of VAT Rate Derogations
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara