CBAM
CARBON BORDER ADJUSTMENT MECHANISM
Is your business ahead of the carbon compliance curve?
WHAT IS CBAM?
The Carbon Border Adjustment Mechanism (CBAM) is a european policy that targets imports of certain carbon-intensive goods into the EU. CBAM is designed to level the playing field between EU producers and those in countries with less stringent carbon pricing policies, and to encourage all countries to adopt more ambitious climate ways.
HOW DOES IT WORK?
The CBAM system applies to a number of carbonintensive products. As per January 2026, importers of these products will have to pay a 'carbon tax' in the form of CBAM certificates purchased on an official platform, for a value equivalent to the carbon emissions generated during their production.
The value of the CBAM certificates is calculated on the basis of the product's carbon content and the price of carbon in the EU.
The CBAM system applies to a number of carbonintensive products. As per January 2026, importers of these products will have to pay a 'carbon tax' in the form of CBAM certificates purchased on an official platform, for a value equivalent to the carbon emissions generated during their production.
The value of the CBAM certificates is calculated on the basis of the product's carbon content and the price of carbon in the EU.
WHAT IS THE TIMELINE?
The CBAM operates in 2 phases. It began its transitional phase in October 2023 and this will last until December 2025. During that time, importers are required to report quantities of imported goods under CBAM categories and quantities of direct & indirect CO2 emissions associated with these goods. The first quarterly declaration is due in January 2024 and will be required up until the end of 2025.
The definitive phase will then come into force in January 2026 and importers will then need to obtain the status of CBAM Declarant. From this phase onwards, importers will shift from quarterly to annual declarations with the first payment due and where the CBAM Declarant will be responsible for all annual declarations.
The CBAM operates in 2 phases. It began its transitional phase in October 2023 and this will last until December 2025. During that time, importers are required to report quantities of imported goods under CBAM categories and quantities of direct & indirect CO2 emissions associated with these goods. The first quarterly declaration is due in January 2024 and will be required up until the end of 2025.
The definitive phase will then come into force in January 2026 and importers will then need to obtain the status of CBAM Declarant. From this phase onwards, importers will shift from quarterly to annual declarations with the first payment due and where the CBAM Declarant will be responsible for all annual declarations.
WHAT ARE THE PRODUCTS CONCERNED?
CBAM applies to all imports of the following goods and certain precursors and derivatives of these products:
CBAM applies to all imports of the following goods and certain precursors and derivatives of these products:
WHO IS THE CBAM DECLARANT?
The CBAM declarant is the importer of CBAM products (identified by his EORI number), who is responsible for releasing the products for free circulation in the customs territory of the EU.
The CBAM declarant is the importer of CBAM products (identified by his EORI number), who is responsible for releasing the products for free circulation in the customs territory of the EU.
WHAT ARE THE RISKS INVOLVED?
From 2026 onwards, importers who fail to comply with CBAM obligations risk being subject to penalties, including important financial fees, suspension or revocation of their CBAM registration, a ban on importing goods into the EU and criminal sanctions.
From 2026 onwards, importers who fail to comply with CBAM obligations risk being subject to penalties, including important financial fees, suspension or revocation of their CBAM registration, a ban on importing goods into the EU and criminal sanctions.
16/04/2024 Update:
As we are halfway through the month of April, the reporting window for the Carbon Border Adjustment Mechanism (CBAM) Q1 2024 reports will close at the end of the month, on April, 30,2024.
Don't wait any longer and contact us today so we can take care of your CBAM obligations and make sure your remain compliant.
IS YOUR PRODUCT CONCERNED BY THE CBAM?
RM Boulanger has developped a CBAM product search tool to help identify the concerned products based on their HS code.
CONTACT US TODAY SO WE CAN ASSIST WITH YOUR
CBAM OBLIGATIONS
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Nos experts en TVA sont toujours heureux de vous aider. Vous pouvez également nous contacter par
téléphone : +33 3 20 25 70 70.
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