The EU Carbon Border Adjustment Mechanism (CBAM) comes into effect on 1 October 2023. CBAM seeks to address the risk of ‘carbon leakage’ (the offshoring of carbon-intensive manufacturing activities) by putting a carbon price on the import into the EU of certain carbon-intensive goods that is equivalent to the carbon price of domestic production (less any carbon price already paid).
Source: Deloitte
Latest Posts in "European Union"
- Comments on ECJ C-232/24 (Kosmiro): Where does credit end and debt collection begin?
- ViDA Public Debate: Summary of Implementation Dialogue with Commissioner Hoekstra (European Commission Website)
- CEN Approves Revised EN 16931: A Milestone for ViDA Implementation
- 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
