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Carbon tax (CBAM), a new tax applicable at EU level on imports of polluting products

Copyright © Mihai Petre & Adriana Nedelescu & Daniela Neagoe - Ernst & Young

Carbon tax (CBAM), a new tax applicable at EU level on imports of polluting products

ERNST & YOUNG SRL

2 Oct 2023

The new CBAM tax appeared in the context in which the European Union substantially reduced its internal emissions of greenhouse gases

• The carbon tax is applicable from October 1, 2023

• What will happen during the transition period (October 1, 2023 – December 31, 2025) with the carbon tax?

• What is the methodology for calculating emissions

For more information, please see the Romanian version of the article, here.

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ERNST & YOUNG SRL

ASSURANCE SERVICES Statutory audits; Audits of IFRS or US GAAP…

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Tags : Carbon tax , CBAM , internal emissions of greenhouse gases , methodology for calculating emissions

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