From seat belt systems to buses and coaches, North Macedonia’s diverse industrial landscape attracts top-tier investors and fuels sustainable national development.
What do we do?
We lead the expansion of the automotive industry in North Macedonia, positioning it as a central pillar of the national economy. Our operations encompass a diverse range of manufacturing activities, overseeing the production of buses, coaches, and railway components, as well as critical safety parts like seat belts and specialized machine elements.
With more than 50 companies currently active under our umbrella, we focus on scaling production and enhancing the country's industrial footprint. By integrating global manufacturing standards with local expertise, we ensure that the automotive sector remains a dominant force in driving jobs and long-term economic stability.
Based on our extensive experience in the automotive industries, KPMG can help in the following:
People:
- HR advisory and compliance
- Legal and tax assistance to secondees
- Payroll outsourcing
Supplier and client relations:
- Transfer pricing analysis and localization of global transfer pricing file
- Review and advice on resolving indirect tax issues with complex chain transactions
- VAT advisory and compliance
- Contract compliance reviews for identification of areas for improvement
Fixed assets:
- Implementing asset management solutions
- Unification of reporting for local and group purposes
- Legal, tax and accounting advice in respect of acquisitions or rentals of immovable property and equipment
Finances:
- Audit
- Full or limited scope tax review
- Tax litigation and assistance in tax audits
New entrants and expansions:
- Transactions & Restructuring services
- Feasibility studies
- Location search
