Or, more specifically, What information is required when reporting the carbon price due for CBAM goods?
When reporting the carbon price due for CBAM goods, several pieces of information are necessary:
- Emissions sequence number (per CBAM Transitional Registry).
- Type of carbon price, such as whether it’s from an Emissions Trading System (ETS) or a carbon price in the form of a tax, levy, or fee. This includes any rebates received, such as free allocation for an ETS or other forms of compensation.
- Description and indication of the legal act establishing the carbon pricing regulation in the country of origin, along with the regulation reference.
- Amount of carbon price due, expressed in the currency of the country of origin. This amount is converted into euros using the average yearly exchange rate for the preceding year.
- Details of the currency in the country of origin and the applicable exchange rate.
When reporting products covered by the carbon price due for CBAM goods, the following information is necessary:
- Emissions Sequence number (per CBAM Transitional Registry).
- Type of product covered and the corresponding CN code. Additionally, the carbon price due should be separately listed for precursors obtained from other installations.
- Quantity of emissions covered, including embedded direct or indirect emissions.
- Quantity of emissions covered by any rebate or other form of compensation.
- Any supplementary or additional information as required by the CBAM Transitional Registry.
Dubrink simplifies the reporting process for the carbon price due, ensuring accurate and efficient submission of this essential information for compliance with CBAM regulations.