European Commission releases Omnibus Package I proposal to simplify EU Carbon Border Adjustment Mechanism regulation

03 March 2025|Tax Alerts, National/Federal Taxation, Global|European Union

The EU's Competitiveness Compass sets out a path to strengthen the EU's competitiveness and economic prosperity.
Regulatory simplification is part of the roadmap, starting with the Omnibus Package I, introduced on 26 February, which focuses on sustainability regulation.
One of the proposed changes for CBAM is a new de minimis threshold.
For any affected businesses — or potentially affected businesses, given anticipated scope expansion - it remains important to continue to monitor developments and p…

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