EU Officially Publishes Revised Carbon Border Tax
The EU officially published in its Oct. 20 Official Journal the revised carbon border adjustment mechanism, which is expected to exempt 90% of European importers from the new rules (see 2509290011). The European Commission said this "marks the final step…
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in the formal adoption process," allowing the bloc to soon require taxes on certain imports covered by the carbon duty. Traders must pay taxes beginning in 2026 (see 2310020037) and 2410170036).