The automotive industry faces particularly complicated VAT challenges.
Automotive manufacturing is a complex process, involving a dizzying array of components and specialised machinery. In addition, globalised trade has seen automotive firms optimise costs by manufacturing parts in multiple countries.
Let’s consider a few of the VAT compliance complexities faced by the automotive industry – so that we can better understand how to optimise compliance and anticipate future changes.
Source: vatglobal.com
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