The European Parliament has approved the Carbon Border Adjustment Mechanism (CBAM) Omnibus I simplification package proposed by the European Commission which is intended to reduce the administrative burden on businesses. It includes a new de-minimis threshold which would exempt 90% of current importers from the CBAM declarant application process.
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The European Parliament has approved the Carbon Border Adjustment Mechanism (CBAM) Omnibus I simplification package proposed by the European Commission which is intended to reduce the administrative burden on businesses. It includes a new de-minimis threshold which would exempt 90% of current importers from the CBAM declarant application process.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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