VATupdate

Share this post on

Have your say – Reporting obligations during the transitional period of the CBAM

Feedback period: 13 June 2023 – 11 July 2023  (midnight Brussels time)

The Commission would like to hear your views.

This draft act is open for feedback for 4 weeks. Feedback will be taken into account for finalising this initiative. Feedback received will be published on this site and therefore must adhere to the feedback rules.
The European Commission published today a first call for feedback on the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025.

During the first year of implementation, companies will have the choice of reporting in three ways:

  • (a) full reporting according to the new methodology (EU method);
  • (b) reporting based on equivalent third country national systems; and
  • (c) reporting based on reference values.
Source ec.europa.eu
See also

Sponsors:

VAT news

Advertisements:

  • vatcomsult