- The initiative establishes a carbon border adjustment mechanism (CBAM) that imposes a levy on carbon emissions embedded in imported products entering the exclusive economic zone of EU Member States, as outlined in Regulation 2023/956.
- It will define key concepts related to importation and release for free circulation, along with obligations for submitting CBAM declarations and the controls that customs authorities will need to implement.
- The public feedback period for this initiative ran from July 2 to July 30, 2025, with the European Commission expected to adopt the final act by October 31, 2025.
Source ec.europa.eu
Latest Posts in "European Union"
- Reevaluating EDIFACT Exclusion in B2B E-Invoicing under ViDA
- CJEU Rules Loyalty Points Are Not Vouchers for VAT Purposes, Treated as Discounts Instead
- CJEU Rules In-Game Gold Sales Subject to VAT, Not Exempt as Currency or Voucher
- Comments on ECJ C-472/24: Court Rules Virtual Gold Not Exempt from VAT
- Comments on ECJ C-436/24 (Lyko): Court Rules Loyalty Points Do Not Qualify as Vouchers













