Introduction of New Conditions for the Continued Financing of Business Payroll Support. | SMN News

PHILIPSBURG:— The Sint Maarten Stimulus Support and Relief Program (SSRP) will be following new regulations starting June 1^st, 2020. On May 13^th 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: 

% Decrease In Revenue	Payroll Support Plan Contribution Percentage
20%-29%	20%-29% wages
30%-39%	30%-39% wages
40%-49%	40%-49% wages
50%-59%	50%-59% wages
60%-100%	60% of wages

Two important differences in the original SSRP and the new Dutch conditions are:

• There

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