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Home Managing the Impacts of COVID-19

Managing the Impacts of COVID-19

Country updates on the implications of the Coronavirus

Newsfeed

Companies on a global level are beginning to feel the effects of the spread of the Coronavirus (COVID-19).

This recent phenomenon poses huge challenges to companies notably regarding labor issues, personal data processing, public health, contracts, corporate governance, tax obligations and sanctions-related matters. Given the unprecedented situation, there is might be uncertainty on the implications from a tax and legal point of view.

Find recent country-specific updates on the implications of COVID-19 below. This page will be updated on a daily basis.

Last Update: 16.03.2020

Austria

  • COVID-10 labor law Q&As (German) - WTS Austria
  • Special Tax Regulations (German) - Official statement
  • "Coronavirus decree" (English) - WTS Austria
  • Information sheet (German) - ICON Wirtschaftstreuhand GmbH

Baltics & Belarus

  • Information Website (Englisch) - Sorainen
  • Information Website (Russian) - Sorainen
  • How to protect your business during the outbreak of the Coronavirus - Sorainen

Belgium

  • Corona Q&A (English) - Altius

Brazil

  • Information sheet (English) - Machado Associados

China

  • China’s relief measures during COVID-19 epidemic (English) - WTS China
  • Shanghai supports to fight NCP (English) - WTS China
  • China tax reliefs to support epidemic control (English) - WTS China

Germany

  • Information sheet (German) - WTS Group

Portugal

  • Information sheet (Portuguese) - Vieira de Almeida & Associados (VdA)
  • Information sheet (English) - Vieira de Almeida & Associados (VdA)

Singapore

  • Singapore Budget Plan 2020 (English) - WTS Taxise
  • COVID-19 Resources (English) - WTS Taxise

Spain

  • Information sheet (English) - ARCO Abogados
  • Information sheet (Spanish) - ARCO Abogados

Switzerland

  • Information sheet (German)  - Wenger & Vieli
  • Information sheet (English) - Wenger & Vieli

UAE

  • Dubai economic stimulus package (English) - WTS Dhruva Consultants

Ukraine

  • Information sheet (Ukranian) - KM Partners

United Kingdom

  • Information sheet (English) - FTI Consulting

United States

  • Message from the CEO - Global Tax Management (GTM)

Vietnam

  • Information sheet (English) - WTS Vietnam
 
Our global task force remains at your full disposal. Please contact us at

news@wts.com

 

In this special situation, adequate and trustworthy information is key. Therefore, we would like to share some links with you, that we consider useful:

  • Information sheet by McKinsey: Coronavirus COVID -19: Facts and Insights
  • Briefing note (March 9, 2020) by McKinsey: COVID-19
  • OECD Interim Economic Assessment Coronavirus: The world economy at risk
  • OECD Newsroom
  • Basic Information provided by the World Health Organization (WHO)
  • BBC News: "Should I self-isolate and how do I do it?"

 

WTS Global Disclaimer

Please note: The above information is intended to provide general guidance with respect to the subject matter. This general guidance should not be relied on as a basis for undertaking any transaction or business decision, but rather the advice of a qualified tax consultant should be obtained based on a taxpayer’s individual circumstances. Although our articles are carefully reviewed, we accept no responsibility in the event of any inaccuracy or omission. For further information please refer to the authors.

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