- EU Parliament and Council reached a political agreement on CBAM reform on June 4, 2025
- Simplifications aim to reduce administrative burden while maintaining CBAM functionality
- New threshold of 50 tons for CBAM goods introduced
- Companies below this threshold are exempt from CBAM obligations
- Simplifications mainly benefit SMEs and individuals importing small quantities
- 99 percent of emissions from CBAM goods remain covered
- Additional simplifications for importers above the threshold include procedures for data collection and emission verification
- Proposal needs formal approval from EU Parliament and Council
- Will take effect 20 days after publication in the Official Journal
- Commission updated standard values for embedded emissions on June 5, 2025
- Example communication template published on June 20, 2025 for various sectors
- Materials help CBAM applicants and companies comply with CBAM requirements
Source: awb-international.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"
- Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
- European Commission Reviews EU Member States’ Use of VAT Rate Derogations
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara
