The Dutch cabinet has decided to extend the emergency package for residents and companies on Bonaire, St. Eustatius and Saba, because of the COVID-19 virus, by four months until October 12, 2020. Residents and companies on Bonaire, St. Eustatius and Saba are part of the Netherlands and can therefore use comparable measures, such as those taken in the European Netherlands.
The Covid-19 crisis has an enormous impact on the society of the Caribbean Netherlands. In an economic sense, Bonaire, St. Eustatius and Saba have been hit hard. The tourism industry, which drives a large part of the economy, has come to a standstill. In addition to existing measures, the Cabinet is also adding some new measures. For example, there is the temporary wage loss scheme, the temporary scheme for fixed expenses allowance is expanded (up to a maximum of 50,000 euros for companies) and the KCC scheme (Small Credit Corona scheme) is temporarily added for small entrepreneurs. In addition, the cabinet is making 1.3 million euros available so that the public bodies can provide additional benefits to citizens and businesses that need it through island policy.
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NAZALI TAX & LEGAL |