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www.wts.de Home COVID-19 Management & Business Continuity at WTS

COVID-19 Management & Business Continuity at WTS

In the light of the rapid spread of COVID-19, the protection of the health and well-being of our employees, clients and business partners is a top priority for us.

For this reason, we have taken a number of early preventive measures and have adapted our business operations in such a way that we are able to provide you with the usual reliable support even in the event of a longer exceptional situation.

A multidisciplinary task force has been assigned to take care of first aid measures for companies and individuals as well as the maintenance of our business operations.

First aid measures for clients

The pandemic, unquestionably, puts the global economy to the test. Against this background, governments worldwide have already reacted and adopted various measures. In Germany, both the federal and state levels have reacted. As an immediate measure, a "protective shield" has been put in place, including tax liquidity support and generous lending to companies. Other countries have also taken similar support measures.

To enable us to advise you in the best possible way on necessary immediate measures as well as options for action and opportunities both nationally and internationally in the context of the Corona crisis, our task force will support you in a wide range of specialist disciplines. In addition to your usual contacts, the following experts are available to you at any time.

Franz Prinz zu Hohenlohe (National and International Tax Law)
Email: franz.hohenlohe@wts.de
Phone: +49 1511 9476582

Jürgen Scholz (Indirect Taxes)
Email: juergen.scholz@wts.de
Phone: +49 152 22835520

Karsten Gnuschke (Coordination of International Consulting)
Email: karsten.gnuschke@wts.de
Phone: +49 89 28646-139

Business continuity

To maintain our business continuity, we have implemented the following ad hoc measures, among others:

  • Our offices at all ten German locations are not affected by the official closure orders and will in any case remain open for you with a reduced staffing level. We have taken the necessary protective measures for our clients, visitors and employees staying in our offices.
     
  • All other employees are available to you with their expertise without restriction, either remotely from their home office or, if required, in your branch offices. You can still reach your contact persons via call diversion using the telephone numbers / extensions known to you and, of course, unchanged, using the respective e-mail addresses.
     
  • We have taken extensive measures to prevent infection, including the cancellation or postponement of all internal and external events until further notice.

 

Our experts from WTS Global have collected information and advice on managing the impact of COVID-19 in their home markets. We are pleased to offer you a bundled overview on over 35 countries below. Please click here

 

Stay healthy and calm in these turbulent times.

Main Contact
Franz Prinz zu Hohenlohe
Certified Tax Consultant, Certified Public Accountant, Certified Consultant on International Tax Law
Member of the Board
Munich
+49 89 286462671
View Profile
Main Contact
Jürgen Scholz
Member of Managing Board
Certified Tax Consultant
Dusseldorf
+49 211 20050-677
View Profile
Main Contact
Karsten Gnuschke
Partner
Certified Tax Consultant
Munich
+49 89 28646-139
View Profile

Articles and further information

In response to the consequences of the Corona crisis, the coalition has agreed, among other things, on a so-called economic and crisis management package

Coalition plans to reduce VAT rates on 1 July 2020
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The aid must be provided because of the Corona crisis; salary components already been promised for other reasons are not eligible

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With the spread of COVID-19, there is also uncertainty on the implications from a tax and legal point of view. WTS Global member firms around the world have composed country-specific information sheets. Find all links in the article.

Managing the Impacts of COVID-19
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Measures include deferral, reduction of advance payments and waiver of enforcement measures

Federal Ministry of Finance and federal states: Tax measures to mitigate the effects of coronavirus
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Tax liquidity aid for companies - VAT
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An overview of the VAT-measures by country for 35 countries worldwide

VAT: Tax measures taken worldwide related to COVID-19
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