We know the regulations, what awaits in our daily business life and how the mechanism will work
Taxation on CBAM?
CBAM aims to collect taxation on the importer, not the exporter.To be more precise, the importer in the EU region is obliged to pay the corresponding carbon tax on the product.This cost tracking means both importing preferences and reflecting the cost to the exporter.
I'm exporting to more than one country, won't this create confusion?
The country to which you export the highest will be taken as a basis.
Illustrative example, your company exports products to Germany, France and Spain. In this case, your export volume to these countries matters. German importer company will be responsible your CBAM taxation for EU wide if the biggest share of your export to Germany. You have to pay your CBAM certifacate to German importer even if you are exporting to Spain.
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