Webinar: CBAM - new reporting obligations from 1 August 2024

Webinar: CBAM - new reporting obligations from 1 August 2024

Poland: Online
Start Date:

6/27/2024 11:00 AM

End Date:

6/27/2024 12:00 PM

Webinar: CBAM - new reporting obligations from 1 August 2024
From 1 August 2024, importers will be required to report the emissivity of imported goods according to the actual data from their manufacturers. This will be much more difficult than the current model, which is based on default values. Companies will face sanctions for failing to comply with the reporting requirements. How to comply with the new reporting rules and mitigate risks?

View our webinar recording during which we presented the key findings from the first 9 months of the CBAM mechanism and give you tips on how to prepare for actual value reporting.

 

27 June (Thursday)
11:00-12:00

 

View recording

 

The webinar was in Polish. Viewing the recording is free of charge for registered users.

What is CBAM reporting about?

The CBAM (Carbon Border Adjustment Mechanism), also known as a border carbon tax, is a mechanism for adjusting border prices taking into account CO2 emissions. According to a regulation adopted by the Council and the European Parliament, the introduction of certain goods into the EU entails cyclical reporting of emissions and, from 2026, also the obligation to pay carbon tax.

From 1 October 2023 until 25 December 2025, the CBAM transition period is in force. During this period, importers are required to submit quarterly reports on goods imported into the EU market. For each carbon-intensive product, the value of greenhouse gases emitted during its manufacture must be determined. From 1 August, reports will have to be prepared on the basis of the actual values from the manufacturers of those goods.

What will you learn from the CBAM webinar?

During the event, we analysed the experience and existing market practices related to the CBAM reporting obligation. We presented practical lessons learned and the next steps importers face as the subsequent phases of the transition period approach. We went through the most important data collection requirements for the reports, including the information that the importer will have to obtain from suppliers. We will also touch on the sanctions that might be imposed for non-compliance with CBAM obligations.

 

View the recording and learn how to prepare for the challenges of CBAM reporting.

CBAM mechanism - webinar agenda:

  • Key findings after 9 months of CBAM
  • New obligations that await importers after 31 July 2024
  • Data that importers must obtain from their suppliers
  • Monetary sanctions for non-compliance
  • Diligence of CBAM reporting
  • Communication with third country suppliers 

Who is the webinar addressed to?

A webinar on the border carbon tax (CBAM) is primarily addressed to:

 

  • Importers
  • Customs agencies

Speaker:

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CBAM - new reporting obligations from 1 August 2024

Webinar

Our expert

Szymon Lipiński
Szymon  Lipiński
Tax Consultant, Crowe Poland
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Learn more

If the newly formed majority in the Polish parliament decides to postpone or abandon KSeF, taxpayers will still have to implement e-invoicing.
The Carbon Border Adjustment Mechanism (CBAM), also known as the carbon duty, will be introduced in the European Union later this year.
From October 2023, importers of certain goods are required to submit quarterly declarations of the greenhouse gas emissions.
Obligated entities may face severe fines for failing to comply with CBAM reporting obligations.
If the newly formed majority in the Polish parliament decides to postpone or abandon KSeF, taxpayers will still have to implement e-invoicing.
The Carbon Border Adjustment Mechanism (CBAM), also known as the carbon duty, will be introduced in the European Union later this year.
From October 2023, importers of certain goods are required to submit quarterly declarations of the greenhouse gas emissions.
Obligated entities may face severe fines for failing to comply with CBAM reporting obligations.