- The European Commission confirmed that only 20 percent of EU resident businesses will be fully liable to the Carbon Border Adjustment Mechanism levy on goods.
- This will take effect on January 1, 2026.
- This means about 20,000 companies will be affected, instead of the original target of 200,000.
Source: vatcalc.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.
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