As part of the Omnibus package, the EU Commission has proposed simplifications and improvements to the CBAM Regulation. The proposal aims to simplify and increase the cost-effectiveness of the CBAM Regulation while ensuring that its environmental objectives and the main principles of the proposal remain intact. . Key measures aim to simplify compliance for importers by streamlining reporting requirements, especially those involving complex calculations and extensive data collection.

Before the EU proposals become legally binding, they must go through the regular legislative procedure at European level. Until this is achieved, every importer of CBAM goods should register as an authorised CBAM declarant in the CBAM register, which is possible from 31 March 2025. Details are provided below. (Leonard Freiherr von Rummel, more at lexology.com)