Comercio

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Artículos Recientes

  •  
    24.11.2023
    International

    Carbon Border Adjustment Mechanism transition in effect since 1 October 2023

    On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges against third-country importers of certain goods and only permits CBAM declarants to import these goods into the EU. Although reporting obligations have been imposed for the two-year transition period, CBAM does not fully go into effect until 1 January 2026.A. General InformationFrom 1 January 2026, importers of specific goods from third countries will be required to pay punitive CO2 charges under...
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  •  
    30.08.2023
    International

    CBAM Implementing Regulation and Extensive Additional Reporting Guidance Published

    Earlier this month, the European Commission (“EC”) adopted an Implementing Regulation (“IR”) and released extensive Guidance Documents (“Guidance”) on the practicalities of reporting requirements for the transitional phase of the EU’s Carbon Border Adjustment Mechanism (“CBAM”) framework. This first material phase of CBAM will commence on October 1, 2023 (“Transitional Period”). The Guidance complements the IR in providing vital instructions for both installation operators (exporters) outside the EU and importers of CBAM goods within...
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  •  
    17.07.2023
    International

    Resource Nationalism in Battery Metals: Risks and Mitigation

    With continued warfare in Ukraine, conflict in Sudan and tensions between the U.S. and China, the state of international relations appears increasingly volatile. This fractious landscape sits abreast two further global challenges: the climate crisis, and the economy. Extreme weather and high inflation in many countries have exacerbated concerns over energy and resource security and supply chain resilience, prompting consumer nations to act to secure supplies of minerals that are essential for the energy transition. Meanwhile, a resurgence of resource nationalism has seen a number of key producing...
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  •  
    06.07.2023
    Europe

    The EU’s Carbon Border Adjustment Mechanism: An Overview

    IntroductionThe EU Carbon Border Adjustment Mechanism (“CBAM”) entered into force on 5 June 2023. It aims to reduce carbon emissions and also discourage producers from moving their production outside the EU by incentivising the decarbonisation of non-EU production processes. CBAM aims to mirror the EU’s carbon pricing system and ensure that imported goods meet similar environmental standards as those produced within the EU.This Law-Now outlines the various important aspects of CBAM, in a practical and effective way to assist you in determining if and how it could...
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  •  
    27.06.2023
    Europe

    New EU sanctions against Russia (11th package)

    On 23 June 2023, the EU adopted its 11th sanctions package against Russia. After weeks of internal negotiations EU Member States agreed on a set of additional measures which tackle circumvention and extend and fine-tune the existing sanctions. The entirety of the measures imposed on Russia (updated "Handling the new EU sanctions against Russia" page) are the toughest and most complex sanctions ever introduced by the European Union.The 11th sanctions package has the following five main elements:It introduces a circumvention tool;It widens the export and import restrictions;It...
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  •  
    13.06.2023
    Middle East

    UAE Corporate Tax Law: When does a non-resident juridical person have a UAE Nexus?

    BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” is 0% with respect to qualifying income and 9% on non-qualifying revenue.Under Article 11 of the CTL, a taxable person includes a non-resident person which has a UAE nexus.Cabinet Decision...
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