The Belgian automotive market is at a crossroads between technological innovation, sustainability and new mobility needs, taking into account a particular Belgian tax landscape. Those challenges will deeply affect all the sectors of the automotive market, from car manufacturing to fleet management. Moreover, the sector is faced with increased geopolitical challenges and higher costs due to high inflation and energy prices in the post-COVID-19 era.
At KPMG, we have a core team of Automotive specialists in Belgium across Audit, Tax & Legal and Advisory with a global network of professionals to help us take a broad ranging approach to our clients’ activities within the industry. We strive to address those challenges and to give the best quality services to our clients thanks to our multidisciplinary and global network and to our passionate automotive team.
Thanks to our multidisciplinary approach, we also assist our clients in their fleet transition towards a sustainable mobility policy taking into account new tax legislation, environmental and investment challenges, as well as the new flexible way of working by providing them with tailormade analyses and ad hoc solutions that meet their specific requirements.
Our services focus on assisting our clients to address key issues facing the automotive industry including:
- reporting and regulation;
- tax and cost analysis regarding remodeling car fleets;
- sustainability and the environment;
- plant location, closures and relocation;
- emerging market companies;
- evolving distribution channels;
- consumer trends;
- private equity investment;
- improving operational efficiencies;
- market entry and expansion;
- business operating model structure.
The global automotive market is diverse. It ranges from original equipment manufacturers (OEMs) and component manufacturers, to dealerships and commercial vehicle manufacturers. KPMG Belgium’s Automotive sector offers a pro-active, forward-thinking service to our clients to help ensure that the potential for growth that the industry is currently witnessing is not missed, and that the issues and challenges faced by the industry can be overcome.