- European Parliament approved the CBAM Omnibus I simplification package on 22 May 2025
- No amendments were made to the European Commission’s draft
- Legislation will be negotiated and finalized with the European Council
- Proposal includes a new exemptions threshold of 50 tons for certain CBAM goods per year per importer
- 90 percent of current importers will be exempt from the CBAM declarant application process
- 99 percent of emissions from CBAM-covered goods remain regulated
- The regulation aims to reduce administrative burdens while maintaining CBAM functionality
- Final regulation publication expected in the Official Journal of the European Union
- Importers not exceeding the 50-ton threshold will be relieved of CBAM obligations
- Procedural simplifications will ease the process for declaring CBAM
- Additional legal acts expected in 2025 to provide more details on CBAM regulation
- Businesses should prioritize CBAM education and capacity building to manage processes
Source: globaltaxnews.ey.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.
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