- Deadline for submission of the first CBAM report extended
- Technical problems occurred in the CBAM register before the deadline
- European Commission provides new function in transitional register to submit report 30 days after deadline
- Option only available if no report has been submitted by 1 February
- Companies will not be penalized for late submission due to technical problems
- Report should be submitted as soon as IT error is rectified
- CBAM reports for first two reporting periods can be amended until 31 July 2024
- Simplification of reporting planned by allowing use of default values in CBAM reports until 31 July 2024
Source: awb-international.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"
- Advocate-General: Transfer Pricing Adjustments for Intra-Group Goods Likely Subject to VAT Compliance
- Transfer Pricing Adjustments Affect VAT Only if They Alter Agreed Transaction Price Between Parties
- A-G CJEU: Transfer Pricing Adjustments Are VAT Price Corrections for Previous Sales, Not Services
- AG Kokott: Transfer Pricing Adjustments Affect VAT Only if They Change Consideration, Not Just Profit Allocation
- EU Introduces Flat EUR 3 Customs Duty Per Item for Low-Value Imports from July 2026
