- Launch of CBAM Consultations: On 28 August 2025, the European Commission initiated three Calls for Evidence to gather stakeholder input on key aspects of the Carbon Border Adjustment Mechanism (CBAM), focusing on emissions calculation methodologies, carbon prices in third countries, and CBAM obligations under the EU Emissions Trading System (EU ETS).
- Stakeholder Engagement Encouraged: The feedback period for these consultations runs until 25 September 2025, allowing affected businesses in both EU and non-EU countries to influence the definitive CBAM regime set to start on 1 January 2026, ensuring that practical considerations are addressed in the final regulations.
- Impact on Compliance and Costs: The outcomes of these consultations will significantly affect how emissions are calculated, compliance obligations are structured, and how international carbon pricing is recognized, making it crucial for businesses to participate and provide feedback to shape effective and practical rules.
Source EY
Latest Posts in "European Union"
- General Court T-638/24 (D GmbH) – AG Opinion – VAT on Intra-Community Acquisitions Not Precluded by Errors
- Commission Backs Italy’s VAT Derogation on certain vehicles Through 2028
- Comments on GC T‑575/24 – AG – Contrary to EU law if services provided to members are regarded as internal acts
- Comments on ECJ C-515/24 (Randstad España) – AG – Introduction of exclusion of VAT deduction of representation expenses by Spain not contrary to EU law
- Briefing Document & Podcast: VAT concepts ”Chain Transactions” & ”Triangulation” explained based on ECJ/CJEU cases
