The Covid-19 pandemic still has a firm grip on the world. Vaccinations are now supposed to protect people from the virus and enable them to return to "normal life" as soon as possible. From a labor law perspective, this raises various questions, such as the subject of mandatory vaccination for company employees or how to deal with the granting of special rights for vaccinated people. As an employer, what should you watch out for in relation to vaccination against the corona virus?
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The corona vaccination from a labor law perspective
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COVID-19: effects on the taxation of cross-border commuters
Measures to help stop the spread of the COVID-19 virus during the pandemic have forced many workers in Liechtenstein and Switzerland to work from home if possible. Due to this development, on 22 October 2020, both countries signed an agreement to determine the effects of the COVID-19 measures on cross-border commuters by mutual agreement.
Grant Thornton Switzerland/Liechtenstein
Information for our clients and business partners
We also support you in the corona crisis - Organizational information In the context of the COVID 19 pandemic declared by the World Health Organization and the information provided by the Swiss Federal Council for the protection of the population, we would like to keep you informed about the response of Grant Thornton Switzerland/Liechtenstein to the public health situation.
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Aviation: navigating the impact of COVID-19
The aviation industry has been significantly impacted by the disruption and travel restrictions resulting from the COVID-19 pandemic. With a huge portion of the global fleet of passenger aircraft sitting idle and airlines, lessors, airports and support businesses facing a drop in revenues, we look at the steps businesses can take to survive and adapt.
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Company acquisitions and sales during the crisis
The coronavirus crisis has placed Swiss companies under enormous economic pressure. According to a survey carried out by the Zurich University of Applied Sciences (ZHAW), one in six SMEs currently view bankruptcy as a probable outcome. The term “distressed M&A” is often thrown around in the context of acquisitions of companies with a high illiquidity or over-indebtedness risk, and this is something that many companies and investors view negatively. However, despite risks that are clearly present, a well-timed crisis acquisition or divestment can be advantageous for all parties involved.
Audit Industry, Services, Institutions
2020 deferred tax provision
This article sets out four key areas of your tax provision that could be affected by the impacts of COVID-19. More specifically we focus on how government support in the form of tax incentives and tax relief might change previous assessments that were made applying IAS 12 ‘Income Taxes’ (IAS 12). A key point to be mindful of is that any one of the following may be applicable if interim financial statements under IAS 34 ‘Interim Financial Reporting’ (IAS 34) are being prepared.
Audit Industry, Services, Institutions
Reporting the impact of COVID-19 on your business
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.
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IT risks in times of Covid-19
Durch die zunehmende Ausbreitung von Covid-19 rückt der Schutz, die Gesundheit und die Sicherheit der Mitarbeitenden stärker in den unternehmerischen Fokus denn je. Um die Belegschaft ausreichend zu schützen und den Empfehlungen des Bundes nachzukommen, sind viele Unternehmen dazu übergegangen ihr Arbeitsmodell umzustellen – meist mit ausgesprochen geringer Vorbereitungszeit. Die Arbeit im «Homeoce» bietet sich unter den Umständen der Covid-19-Krise in vielen Fällen als gute Übergangslösung an – birgt für viele Unternehmen aber auch eine Vielzahl neuartiger Risiken, welche nicht ausser Acht gelassen
Audit Industry, Services, Institutions
COVID-19: Financial Reporting and Disclosures
The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. The virus has taken its toll on not just human life, but businesses and financial markets too, the extent of which is currently indeterminate. Entities need to carefully consider the accounting implications of this situation.
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The Resilience Wheel:
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.
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Waiver of late interest on overdue tax payments
The Swiss federal council announced to waive late interest on overdue tax payments for corporate tax payers. The following tax are covered: Federal income tax, Value Added Tax/ VAT, customs, special consumption taxes (mineral oil tax, heavy vehicle tax, automobile tax, tobacco tax, etc.) that become due between March 1, 2020 and December 31, 2020.
Audit Industry, Services, Institutions
Accounting implications of the Coronavirus (COVID-19)
The spread of the Coronavirus is impacting businesses around the world. Entities need to carefully consider the accounting implications of this situation. This IFRS Alert considers the impact of the Coronavirus on 31 December 2019 year ends.