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Textiles


VAT refunds and subcontracted production processes in export-oriented textile companies.

Because export volumes are high in the textile sector, the organisation of VAT refund files directly affects cash flow. Subcontracted production relationships and withholding practice also require particular attention.

Key Issues in This Sector

  • Accelerating export-driven VAT refund files
  • Withholding practice in subcontracted production
  • Monitoring inward processing regime commitments
  • The tax dimension of stock and wastage management

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