The corona virus COVID-19 pandemic continues to evolve and the advice to people and businesses on how to respond is constantly being updated. Even though the situation we’re in is creating much uncertainty, we also truly believe it is an opportunity for innovation and transitioning into new ways of working.
On this page you can find important information on COVID-19, our latest views on the current situation and the contact information of our experts, who are available to elaborate on how to continue your business by means of technology and innovation.
St. Maarten: Latest content about COVID-19
The Minister for Public Health, Social Development and Labor published a Ministerial Regulation on Friday, October 9 which has extended the Payroll Support Program until September. The rules to qualify for payroll support are the same as established in the Ministerial Regulation of July 14.
Based on the advice of the Financial Supervision Council (CFT) of 6 May 2020, the Kingdom Council of Ministers has decided that the payroll support program of Sint Maarten must be changed before an additional amount of ANG 29 million will be made available to the country of Sint Maarten to finance the payroll support program for the period from May 15, 2020 to June 30, 2020
As of the start of the Corona crisis, many entrepreneurs have had to think about the effects of the crisis on their business and whether it would be possible to maintain employment for their employees.
The requests for payroll support for the companies that qualified for the first tranche as defined in the SSRP have been filed by now. It is expected that USZV will start making payments as of 11 May 2020.
Government has published its business support plan in an effort to stimulate retention of employees. The program is executed by USZV.
The current situation of the emergency measures related to taxes is that most countries offer opportunities to request for postponement of payment without charge of interest and cost. However, the filing obligation will remain unaffected.
Amidst the COVID-19 global pandemic organizations across the globe are facing the impact of the crisis and are waging their efforts to the right response and mitigating measures of the diverse effects.
Global insights on COVID-19
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.
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.
As the coronavirus pandemic continues to shake markets and impact people around the world, it's creating significant challenges for business leaders.
In Reporting the impact of COVID-19 on your business [ 110 kb ] we highlight ten questions entities should be asked to make sure that those financial statements not yet issued are presented fairly.
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