Higher VAT in the automotive sector

Higher VAT in the automotive sector

The automotive sector is facing tougher times. The increase in VAT could impact interest in purchasing new vehicles, which will also affect production, according to industry representatives. While the sector is challenged with securing new contracts for the coming years, a revival in car sales could occur by the end of this year.

Source: STVR

Kristína Hanáková, Photo: TASR

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