CBAM – Calculation methods for the embedded emissions
The specific embedded emissions of goods produced in an installation are determined according to one of the following methods (Article 4(1) CBAM Implementing Regulation): a determination of the emissions from the source streams based on activity data obtained from laboratory analyses or standard values using measurement systems and calculation factors; or a determination of the
Countdown Alert! The 1st CBAM Report deadline is less than 20 days away
Take a moment to assess your organisation’s reporting readiness! – Ensure which (all) of your entities need to report before the deadline. – Verify that you have access to the EU CBAM Reporting (CBAM Transitional Registry) for all of your reporting entities and the person(s) responsible. – Manage a base-level data for reporting so you
Default Values for the Transitional Period of the EU CBAM published
Good news! We have an early Christmas present from the Commission. On 22 December 2023, the EU Commission published the long awaited Default Values for the Transitional Period of the EU CBAM between 1 October 2023 and 31 December 2025. Do note that for each import of goods for which the reporting declarant does not
UK introduces Carbon Border Adjustment Mechanism (CBAM) in 2027: key measures to consider
On the 18th of December, the UK government announced the UK Carbon Border Adjustment Mechanism (CBAM) as a measure to address the carbon leakage risks. The UK CBAM is foreseen to be implemented from 2027. Here are some of the key takeaways from this latest announcement: UK CBAM implementation: Will be implemented from 2027 Will
2024 is almost here and so is the deadline for the 1st CBAM Report!
As most of us are headed towards the festive holiday season, and close 2023 with a winter break, the situation is slightly complex for firms in the EU who are subject to the mandatory CBAM Reporting, starting in 2024. Wrapping up this year’s tasks, taking the usual year-end break, and starting the new year 2024 with
Tax Bites Podcast – Decoding CBAM: Navigating Carbon Pricing in the EU
Decoding CBAM: Navigating Carbon Pricing in the EU In this Tax Bites episode, we unravel the intricacies of the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Commission. From targeted industries to a two-phase implementation, we break down why CBAM matters and its impact on businesses. Explore critical deadlines, challenges, and practical steps for
Tax Bites Podcast – How to get Pillar 2 ready: a step-by-step approach
How to get Pillar 2 ready: a step-by-step approach In this episode the speakers elaborate on PwC’s recently published Pillar Two Guide for EMEA Multinational Enterprises, which sets out the steps you need to take to be Pillar 2 compliant. About the speakers Gergely Juhasz Clayton Stanfield Hanne Schoepen Listen now Missed the previous
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 4)
Future-proofing your statutory reporting function: downstream impact on tax technology including Pillar 2 In this episode of our mini-series, the discussion delves into the concept of tax ledgers within ERP systems. Hosted by Pieter Deré, experts Jorgen Broothaers, Oualid Madrane, and Bert Vergote explore the reasons for considering tax ledgers, their benefits, and their relevance in
