- The European Commission confirmed that only 20 percent of EU resident businesses will be fully liable to the Carbon Border Adjustment Mechanism levy on goods.
- This will take effect on January 1, 2026.
- This means about 20,000 companies will be affected, instead of the original target of 200,000.
Source: vatcalc.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"
- Briefing Document: Comprehensive Review of EU VAT Deduction Rules and Invoice Requirements Based on ECJ Case Law
- EU VAT Reforms Drive €38 Billion E-Commerce Tax Revenue in 2025
- EU VAT Directive Bars Austria’s Restriction on Asset Transfer Non-Supply Principle
- EU to Confirm €2 Customs Fee on Low-Value Parcels by 2026
- EU Court Rules VAT Clawback Applies After Business Transfer and Exempt Lease
