CBAM Carbon Tax Simplification Approved
The European Parliament has approved the simplification of the Carbon Border Adjustment Mechanism (CBAM), exempting a wide range of small and medium-sized enterprises (SMEs) from the obligations outlined in the regulation. This measure is part of the “Omnibus I” legislative package, aimed at reducing administrative burdens and facilitating regulatory compliance in the context of the ESG transition.
Imports under 50 tonnes will be exempt
The new rules establish a minimum annual threshold of 50 tonnes for products such as cement, steel, iron, aluminium, hydrogen, electricity, and fertilisers. Companies importing below that threshold will be exempt from reporting obligations, simplifying processes for small-scale imports without compromising the EU’s carbon neutrality goals.
Positive impact on SMEs
According to the European Commission, 90% of importers (mostly SMEs) will be exempt, even though the regulation will still cover 99% of related emissions. For companies still subject to the regulation, the transition phase – in effect until 31 December 2025 – will only require quarterly reporting, with no financial obligations.
Other relevant changes
The new framework also simplifies emission calculation methods, reporting procedures, and declarant authorisations. Anti-fraud measures will be reinforced, and in 2026 a review is planned to assess a potential CBAM extension to other sectors under the scope of the EU Emissions Trading System (ETS).
Documents and useful resources:
- CBAM Regulation (EU) 2023/956
- CBAM Implementing Regulation (EU) 2023/1773
- Portuguese Environment Agency (APA) – CBAM Information
- Official Guidance – European Commission
- ESG and Sustainable Finance – IAPMEI
- IAPMEI News
Support tool for companies: To assess the CBAM’s impact on your activity, access the CBAM Self-Assessment Tool.
