CBAM First Report with 30-Day Extension: No Sanctions for Technical Difficulties

• The European Commission has granted a 30-day extension for CBAM declarants to complete the quarterly declaration procedure.
• A new feature has been made available on the Transitory Register, allowing operators to request a deferred submission.
• Operators are still required to report any issues encountered during the declaration process.
• From October 1, 2023, to December 31, 2025, importers subject to the carbon emissions tax must submit quarterly reports.
• The reports should include data on both direct and indirect emissions, as well as information on imported goods, production processes, and carbon prices.
• The first CBAM report was originally due on January 31, 2024.
• Many CBAM declarants have experienced technical issues preventing them from submitting reports for the first quarter of 2023.
• Importers are encouraged to submit accurate quarterly reports.

Source: eutekne.info

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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