The Serbian Law on Greenhouse Gas Emissions Tax and Law on Carbon-Intensive Product Imports Tax, both at EUR 4 per ton of CO2 equivalent, are coming into effect on January 1st.
On January 1st, importers of electricity, cement, iron and steel, aluminum, hydrogen and fertilizers to the European Union will start paying the CBAM carbon dioxide tax.
Both laws are coming into effect on January 1st, just like the CBAM charge, but several bylaws are still required for Serbia to enforce the new legislation.
The Law on Carbon-Intensive Product Imports Tax covers only the entities that import five or more tons of the designated products per year. The production of synthetic fertilizers and nitrogen compounds, cement, pig iron, steel and ferroalloys, aluminum and electricity accounts for over 57 % of emissions in Serbia and more than 90 % within the national monitoring and reporting system.
