- First reports under EU Carbon Border Adjustment Mechanism (CBAM) were due on 31 January 2024
- Technical issues with EU systems prevented some businesses from submitting their reports
- European Commission is allowing a 30-day extension for businesses that request delayed submission
- Businesses can request delayed submission from 1 February via the Transitional Registry
- No penalties will be imposed for difficulties submitting the report, as long as it is submitted promptly once the issues are resolved.
Source: taxscape.deloitte.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.
