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Carbon tax: perspectives and strategies for Romanian companies after the first two reporting periods

Carbon tax: perspectives and strategies for Romanian companies after the first two reporting periods

In order to keep its producers competitive, but also to avoid the relocation of production from the European Union to third countries, the European Commission introduced the Carbon Tax applicable to imports of products from intensively polluting industries

• During the transition period October 1, 2023 – December 31, 2025, only reports are mandatory, the Carbon Tax as such will be paid for imported products starting January 1, 2026

• The reporting obligations during this period and how Access to the CBAM Transitory Register is achieved

• Calculation of direct and indirect emissions - for certain products, the calculated emissions can be five times lower than the value established by the CE

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

Authors

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ERNST & YOUNG SRL