Carbon-based customs duty (CBAM) - first reporting due by 31 January 2024
Carbon-based customs duty (CBAM) - first reporting due by 31 January 2024
In December 2023, national implementing rules for the EU-based rules for the carbon-based customs duty (CBAM) scheme were published.
The first reporting obligation for CBAM is due by 31 January 2024!
The first reporting obligation for CBAM is due by 31 January 2024!
The EU-wide carbon offsetting mechanism (CBAM) sets a payment obligation for imports of goods produced in certain third countries, based on the carbon emissions associated with the production of the goods.
In the first phase (from 01.10.2023 to 01.01.2026), companies will not be obliged to pay, but they will be obliged to register and report from 01.10.2023, and will be subject to penalties if they fail to do so.
In the first phase (from 01.10.2023 to 01.01.2026), companies will not be obliged to pay, but they will be obliged to register and report from 01.10.2023, and will be subject to penalties if they fail to do so.
Prepare your company for future reporting obligations and registration in January 2024, and we will support our clients in doing so. We will carry out an assessment of the obligations related to CBAM, audit customs data, countries of origin, tariff lines concerned, provide professional support with advice and prepare reporting.
Contact us for more information on the implementation of CBAM using the contact details below.