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

The current situation poses huge challenges regarding labor issues, personal data processing, public health, contracts, corporate governance, tax obligations and sanctions-related matters. This raises substantial questions and concerns from a tax and legal point of view.

Our experts from WTS Global have collected information and advice on managing the impact of COVID-19 in their home markets.

We remain entirely at your disposal for further advice and guidance with regards to professional challenges you are currently facing.

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?"

This page will be updated on a daily basis. Last Update: 23.03.2020

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.