The European Commission has published a draft for the rules of reporting ahead of the first phase of the Carbon Border Adjustment Mechanism. Find out what must be included in your CBAM reports here.
CBAM: an overview
The Carbon Border Adjustment Mechanism (CBAM) is a new tax for importers of emission-heavy goods, designed to combat carbon leakage within the EU. When a regulated commodity is imported, carbon credits must be purchased
- CBAM transition (reporting) stage
- CBAM operational stage
- What details must be included in my CBAM reports?
- Check your country to see if your CBAM reporting is a customs or tax responsibility
- What’s next?
- Do you need to submit CBAM reports?
Source: www.customssupport.com
