Important deadline: The first CBAM report must be submitted by 31 January 2024

The National Climate Protection Authority (NCPA) will allow applications for registration in the Carbon Border Adjustment Mechanism (CBAM) Transitional Registry from 22 January 2024. The requirements for registration will be published by the NCPA on the same day.

According to Regulation (EU) 2023/956 of the European Parliament and of the Council, importers of the following goods subject to CBAM must file a report with the European Commission by 31 January 2024 covering the fourth quarter of 2023:

• cement
• iron and steel (e.g. pipes, profiles, screws, other articles of iron or steel)
• aluminium (e.g. wires, rods, tubes, other aluminium products)
• fertilisers (e.g. nitric acid, potassium nitrate)
• electricity
• hydrogen

The registration and reporting obligation lies with the importer or indirect customs representative. Failure to report may be subject to a fine imposed by the NCPA.

According to information provided by the NCPA, the report may be prepared and submitted to the CBAM Transitional Registry through an authorized representative.

The CBAM report involves the collection and verification of complex data that requires special expertise. If you need help with preparing and submitting your CBAM report or if you have any questions, please contact our expert colleagues.

Further information on CBAM reporting can be found on PwC Hungary’s website.

László Deák
Partner
Email: laszlo.deak@pwc.com

Balázs Szük
Senior manager
Email: balazs.szuk@pwc.com

Dorottya Virág Mák
Manager
Email: dorottya.mak@pwc.com

Gábor Farkas
Partner
Email: gabor.farkas@pwc.com

Attila Környei
Senior manager
Email: attila.kornyei@pwc.com