CBAM

What is CBAM?

CBAM (Carbon Border Adjustment Mechanism) is a mechanism for carbon adjustment at the EU’s borders. The mechanism ensures additional taxation of imports of carbon-intensive goods in the form of mandatory purchase of CBAM certificates. The EU aims to ensure equal treatment of carbon-intensive goods regardless of where they are produced. The ultimate goal of CBAM is the decarbonization of the EU and its economic partners.

 

How does CBAM work?

Until the end of 2025, importers or their representatives are only required to report the actual emissions of carbon-intensive goods. From January 2026, importers will be required to purchase a corresponding number of CBAM certificates for importing carbon-intensive goods. The number of certificates will depend on:

  1. The quantity of imported goods
  2. The amount of emissions generated during the production of goods in a third country
  3. Any environmental taxes already paid in the third country.

 

What are carbon-intensive goods?

  • Cement
  • Electricity
  • Fertilizers
  • Iron and steel
  • Aluminium
  • Hydrogen

 

How do we know if we imported CBAM goods?

In box 33 of the import customs declaration, you can find the tariff code of the imported goods. This code should be compared with the list of CBAM goods in Annex 1 to Regulation (EU) 2023/956. If the imported goods appear on the list in Annex 1, they are subject to CBAM reporting.

 

More about CBAM

CBAM – The EU’s mission for global decarbonization (Part 1): CBAM obligations of importers in the transitional phase

CBAM – The EU’s mission for global decarbonization (Part 2): CBAM obligations of importers in the definitive phase

What is CBAM?

CBAM (Carbon Border Adjustment Mechanism) is a mechanism for carbon adjustment at the EU’s borders. The mechanism ensures additional taxation of imports of carbon-intensive goods in the form of mandatory purchase of CBAM certificates. The EU aims to ensure equal treatment of carbon-intensive goods regardless of where they are produced. The ultimate goal of CBAM is the decarbonization of the EU and its economic partners.

More

How does CBAM work?

Until the end of 2025, importers or their representatives are only required to report the actual emissions of carbon-intensive goods. From January 2026, importers will be required to purchase a corresponding number of CBAM certificates for importing carbon-intensive goods. The number of certificates will depend on:

  1. The quantity of imported goods
  2. The amount of emissions generated during the production of goods in a third country
  3. Any environmental taxes already paid in the third country.

 

What are carbon-intensive goods?

  • Cement
  • Electricity
  • Fertilizers
  • Iron and steel
  • Aluminium
  • Hydrogen

 

How do we know if we imported CBAM goods?

In box 33 of the import customs declaration, you can find the tariff code of the imported goods. This code should be compared with the list of CBAM goods in Annex 1 to Regulation (EU) 2023/956. If the imported goods appear on the list in Annex 1, they are subject to CBAM reporting.

 

More about CBAM

CBAM – The EU’s mission for global decarbonization (Part 1): CBAM obligations of importers in the transitional phase

CBAM – The EU’s mission for global decarbonization (Part 2): CBAM obligations of importers in the definitive phase

Who is responsible for CBAM reporting?

The CBAM reporting obligation generally applies to the importer of goods who releases the goods for free circulation within the EU.

Importer established in the EU:
For importers based in the EU, the role of the CBAM declarant may also be assumed by an indirect customs representative (freight forwarder). If the indirect customs representative does not wish to take on this role, the importer remains responsible for fulfilling CBAM obligations.
The importer may also authorize a third party, such as an accounting service, to handle CBAM reporting on their behalf.
Check how we can assist you.

Importer established in a third country:
For importers from non-EU countries, the indirect customs representative (freight forwarder) is responsible for CBAM reporting.

 

Transitional and definitive phase

Transitional phase (October 1, 2023 to December 31, 2025):

  • Aimed at learning, coordinating all involved parties, and adapting legislation.
  • Quarterly reporting of emissions without financial consequences for importers.

Definitive phase (from January 1, 2026 onwards):

  • Gradual phasing out of free allowances under the EU ETS.
  • Annual reporting of emissions and mandatory purchase and submission of CBAM certificates.

Who is responsible for CBAM reporting?

The CBAM reporting obligation generally applies to the importer of goods who releases the goods for free circulation within the EU.

Importer established in the EU:
For importers based in the EU, the role of the CBAM declarant may also be assumed by an indirect customs representative (freight forwarder). If the indirect customs representative does not wish to take on this role, the importer remains responsible for fulfilling CBAM obligations.
The importer may also authorize a third party, such as an accounting service, to handle CBAM reporting on their behalf.
Check how we can assist you.

Importer established in a third country:
For importers from non-EU countries, the indirect customs representative (freight forwarder) is responsible for CBAM reporting.

More

Transitional and definitive phase

Transitional phase (October 1, 2023 to December 31, 2025):

  • Aimed at learning, coordinating all involved parties, and adapting legislation.
  • Quarterly reporting of emissions without financial consequences for importers.

Definitive phase (from January 1, 2026 onwards):

  • Gradual phasing out of free allowances under the EU ETS.
  • Annual reporting of emissions and mandatory purchase and submission of CBAM certificates.

CBAM reporting is quarterly during the transitional period (until the end of 2025) and becomes annual starting in 2026.

 

Deadlines for submitting CBAM reports or annual declarations

Deadlines for submitting quarterly CBAM reports during the transitional period (until the end of 2025):

  • 31 January 2024 for the period 1 October 2023 – 31 December 2023

  • 30 April 2024 for the period 1 January 2024 – 31 March 2024

  • 31 July 2024 for the period 1 April 2024 – 30 June 2024

  • 31 October 2025 for the period 1 July 2025 – 30 September 2025

  • 31 January 2026 for the period 1 October 2025 – 31 December 2025

Deadlines for submitting annual declarations during the definitive period (from 1 January 2026 onwards):

  • 31 May 2027 for the period 1 January 2026 – 31 December 2026

  • 31 May 2028 for the period 1 January 2027 – 31 December 2027

  • 31 May 2029 for the period 1 January 2028 – 31 December 2028

CBAM reporting is quarterly during the transitional period (until the end of 2025) and becomes annual starting in 2026.

 

Deadlines for submitting CBAM reports or annual declarations

Deadlines for submitting quarterly CBAM reports during the transitional period (until the end of 2025):

  • 31 January 2024 for the period 1 October 2023 – 31 December 2023

  • 30 April 2024 for the period 1 January 2024 – 31 March 2024

  • 31 July 2024 for the period 1 April 2024 – 30 June 2024

  • 31 October 2025 for the period 1 July 2025 – 30 September 2025

  • 31 January 2026 for the period 1 October 2025 – 31 December 2025

Deadlines for submitting annual declarations during the definitive period (from 1 January 2026 onwards):

  • 31 May 2027 for the period 1 January 2026 – 31 December 2026

  • 31 May 2028 for the period 1 January 2027 – 31 December 2027

  • 31 May 2029 for the period 1 January 2028 – 31 December 2028

If you need assistance with preparing CBAM reports, we are here to help.

You can work with us in two different ways:

a) CBAM Learning

The CBAM Learning service is intended for importers who wish to manage the CBAM process internally but whose employees currently lack sufficient knowledge to handle it independently.
Within this service, we train your employees to the level where they can confidently manage CBAM compliance on their own.

We design a custom in-house training tailored to your company’s specific needs and data.
The 3-hour training program includes three modules:

  • Module 1: Introduction to CBAM

  • Module 2: Preparation of CBAM reports (practical work instructions)

  • Module 3: Procedures for obtaining the status of an authorized CBAM declarant

The training can be conducted on-site at your premises or online via Zoom.

b) CBAM Outsourcing

The CBAM Outsourcing service is intended for importers who prefer to have an external expert manage their CBAM obligations.

This service includes:

  • CBAM registration procedure and authorization management

  • Monthly collection of emission data

  • Monthly monitoring of imported CBAM goods and ensuring the appropriate number of CBAM certificates

  • Obtaining verification from an accredited CBAM verifier

  • Preparation and submission of quarterly CBAM reports or the annual declaration

  • Annual submission of CBAM certificates to the European Commission and reimbursement of any surplus certificates

  • Communication with and handling of requests from the financial administration

     

Need more information?

Contact us at info@anova.si, call +386 41 79 30 54, or use the contact form below.

If you need assistance with preparing CBAM reports, we are here to help.

You can work with us in two different ways:

a) CBAM Learning

The CBAM Learning service is intended for importers who wish to manage the CBAM process internally but whose employees currently lack sufficient knowledge to handle it independently.
Within this service, we train your employees to the level where they can confidently manage CBAM compliance on their own.

We design a custom in-house training tailored to your company’s specific needs and data.
The 3-hour training program includes three modules:

  • Module 1: Introduction to CBAM

  • Module 2: Preparation of CBAM reports (practical work instructions)

  • Module 3: Procedures for obtaining the status of an authorized CBAM declarant

The training can be conducted on-site at your premises or online via Zoom.

b) CBAM Outsourcing

The CBAM Outsourcing service is intended for importers who prefer to have an external expert manage their CBAM obligations.

This service includes:

  • CBAM registration procedure and authorization management

  • Monthly collection of emission data

  • Monthly monitoring of imported CBAM goods and ensuring the appropriate number of CBAM certificates

  • Obtaining verification from an accredited CBAM verifier

  • Preparation and submission of quarterly CBAM reports or the annual declaration

  • Annual submission of CBAM certificates to the European Commission and reimbursement of any surplus certificates

  • Communication with and handling of requests from the financial administration

     

Need more information?

Contact us at info@anova.si, call +386 41 79 30 54, or use the contact form below.

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Subvencija je bila pridobljena za Vavčer za digitalni marketing.

Naložbo – izdelavo spletne strani – sofinancirata Republika Slovenija in Evropska unija iz Evropskega sklada za regionalni razvoj.

Subvencija je bila pridobljena za Vavčer za digitalni marketing.

Naložbo – izdelavo spletne strani – sofinancirata Republika Slovenija in Evropska unija iz Evropskega sklada za regionalni razvoj.