PHILIPSBURG:--- The Sint Maarten Stimulus Support and Relief Program (SSRP) will be following new regulations starting June 1st, 2020. On May 13th the Netherlands sent conditions for receiving liquidity support for COVID-19. This included adjustments in the current SSRP structure and execution.
The Payroll Support Plan will subsidize a maximum of 60% of wages at SZV with a maximum of the ZV wage limit of NAƒ 5,651.36 per month. The new scales will go as follows:
\r\n% Decrease In Revenue\r\n\r\nPayroll Support Plan Contribution Percentage\r\n\r\n20%-29%\r\n\r\n20%-29% wages\r\n\r\n30%-39%\r\n\r\n30%-39% wages\r\n\r\n40%-49%\r\n\r\n40%-49% wages\r\n\r\n50%-59%\r\n\r\n50%-59% wages\r\n\r\n60%-100%\r\n\r\n60% of wages\r\n
Two important differences in the original SSRP and the new Dutch conditions are:
