On 3 December 2025, the National Assembly adopted two key laws harmonizing national regulation with the EU’s Carbon Border Adjustment Mechanism (CBAM), ahead of their entry into force on 1 January 2026. These new rules introduce taxation on carbon-intensive production and imports, marking a significant shift for industries ranging from fertilizers and cement to steel, aluminium, and electricity.
More on this by Senior Partner Dr Jelena Gazivoda, Partner Nikola Đorđević and Senior Associate Marko Mrđa from JPM Belgrade office.