st maarten news
FINAL EXTENSION ON BUSINESS PAYROLL SUPPORT
New application deadline on May 6th
The Minister of Finance announced today that the application deadline for Business Payroll Support would be extended. The new application deadline is May 6, 2020 midnight. This is a final extension for the first month of Business Payroll Support.
The Sint Maarten Stimulus Support Relief Plan (SSRP) team has decided on this final deadline extension in order to grant companies the additional time to gather the required documents to apply for the first month of Business Payroll Support. The final deadline extension also takes into consideration the review and payment process that needs to take place. At present, payments are scheduled to take place the week of May 11th. Applications will be reviewed and confirmed based on a ‘first in, first out’ order. Companies that were first to apply will be reviewed first. Approved applications will be paid out in the same order.A reminder to companies who may not have initially qualified for Business Payroll Support based on the exempt list, you may still qualify for the Lockdown Payroll Support Plan. The deadline to apply for Lockdown Payroll Support is May 22, 2020. To verify if your company qualifies, visit http://www.ssrp.sx
and go to Lockdown Payroll Support.
Payroll Support Plan is available to qualifying companies for a maximum of 3 months. For each month, the company must submit an application requesting Payroll Support. An overview of payroll support plan options, deadlines and requirements can be found on http://www.ssrp.sx