Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

August 17, 2023
2023-5585

Wednesday, 6 September 2023 | EU Carbon Border Adjustment Mechanism goes live in October: Are you prepared for the reporting obligations? (10:00 am CEST)

The first phase of the Carbon Border Adjustment Mechanism (CBAM) regulation implementation will start on 1 October 2023. The newly introduced legislation affects not only the companies that are directly importing the respective CBAM-related goods or products, but also those that use these goods or products in their production or trade with them. Because of that, the introduction of the CBAM measures as a cost element will be important for such companies as well.

Considering the new regulation, companies must prepare for the relevant reporting obligations. Businesses also need to start looking into how the new legislation and the related payment obligations will affect their daily operations, costs and sales prices – while taking into account other business aspects as well.

During our upcoming webcast, we will summarize the most important CBAM rules and discuss how affected companies should prepare. 

Topics discussed include:

  • CBAM legislation and implementation phases

  • Scope of CBAM reporting obligations

  • Impact of CBAM on the companies’ activities from an administrative, payment and business point of view

  • Potential responses and key considerations for companies affected by CBAM regulation

  • Challenges and solutions for companies involved in global trade

  • How EY can support you in the transition

Panelists

  • Dr. Áron Nagy, CESA Global Trade Leader, Tax Partner, EY Hungary
  • Nikolett Nánási, Tax Senior Manager, EY Hungary
  • Marta Kolbusz-Nowak, Tax Senior Manager, EY Poland

Date: Wednesday, 6 September 2023

Time: 10.00 CEST / 9.00 BST

Registration: Click here to register

Learn about and register for EY Global webcasts

You can learn about and register for any EY Global webcast here.

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct