#WallessTaxCookies | CBAM in Latvia has clear deadlines, but the costs remain uncertain

2026 04 02

From 1 January 2026, the Carbon Border Adjustment Mechanism (CBAM) is fully in force in Latvia, impacting imports of cement, steel, aluminium, and fertilisers. While the deadlines are clear, the costs and compliance requirements remain uncertain.

Provisional CBAM certificate numbers can currently be calculated using default emission values, while actual emissions data via Environmental Product Declarations (EPD) is not yet possible due to the lack of accredited verifiers.

Key obligations for importers:

• Purchase CBAM certificates for 2026 imports between 1 Feb 2027 and 30 Sep 2027

• Submit the CBAM declaration and surrender certificates by 30 Sep 2027, with full responsibility for accurate emissions and import data

Optional cost-reduction mechanisms:

The number of CBAM certificates may be reduced to reflect carbon costs already paid in the country of origin or based on actual emissions using EPD. Evidence requirements include proof of payment, applicable discounts, and independent certification. However, practical guidance on how these reductions will work and what evidence will be required is still missing, making CBAM-related costs difficult to predict.

#WallessTaxCookies | CBAM in Latvia has clear deadlines, but the costs remain uncertain

WALLESS Weekly Review