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 automotive market will have to deal with the aftermath of the COVID-19 crisis.
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.
Our services focus on assisting our clients to address key issues facing the automotive industry including:
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.
Sustainability is a growing concern for car manufacturers and consumers since several years now. The greening of mobility is the source of numerous challenges for companies and governments.
In the future, we can expect more and more car digitalization, with innovation paving the way for autonomous vehicles. These innovations will bring new challenges for the sector, from production to insurances and sales.
In Belgium, mobility solutions are subject to unique legislation and form a core part of compensation packages. These solutions are tailored to the specific needs of individual companies.
The growing complexity of Belgian tax legislation and its continuous evolution has a notable impact on the automotive market. Familiarity with the Belgian tax landscape is key to managing your tax burden.
The decline of fossil fuel motorizations on the market is clearing the way for alternative motorizations such as Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-in Hybrid Electric Vehicles.
The impact of the COVID-19 pandemic on the automotive sector is unparalleled. While technology remains a key focus for the sector, the COVID-19 crisis will put a greater focus on survival and operations.
Digitalization and market fluctuations present a lot of challenges for organizations with business executives wondering whether their current processes are ready for the future. Investing in the right technologies allows these processes to become more efficient, agile and competitive.
We help you to maximize value across the entire value chain to keep up with evolutions in the market. By defining your enterprise strategy, improving processes and implementing core technologies, we help you to operate efficiently while exploring untapped potential.
Modern organizations must be agile, competitive and customer-centric. Changing customer expectations, new market entrants, technology disruption and the speed of change have forced brands to reinvent themselves and the experiences they deliver to their customers.
We lead you through a customer-led transformation by improving customer strategies and implementing powerful analytical and digital solutions. This will allow you to unlock your customer value and become a data-driven organization, thriving in the digital age.
Strategies that facilitate the right investments can help organizations grow and develop the necessary agility to respond to changes in the new reality.
Our multidisciplinary team will support you from the strategic conception phase, to deal execution to implementation and post-merger advice. Looking at your ultimate goal and strategy, our team will work with you to determine how a transaction or deal can support your objectives, helping you adapt your strategy and align your purpose and values to complete the transformation process.
Adapting to the ever-changing regulatory landscape in any sector can be challenging and forward thinking leaders see regulatory change as an opportunity, rather than a constraint.
Our solution, driven by a team of multidisciplinary experts, offer a complete approach to help your organization better deal with regulatory changes. With outstanding expertise in compliance, combined with access to technology-driven solutions, we offer a holistic view of the challenges and opportunities on the regulatory horizon.