Managing the Impacts of COVID-19

Country updates on the implications of the Coronavirus

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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

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.