SABA/SINT EUSTATIUS) - For the third time, entrepreneurs in the Caribbean Netherlands can receive a fixed-cost compensation from the Ministry of Economic Affairs and Climate (EZK). The EZK allowance is for entrepreneurs who are dealing with a loss of turnover due to the corona crisis and who therefore find it more difficult to bear their fixed costs. The amount of support can range from $375 to $99,000 and is calculated based on turnover figures.
For this third allowance, the turnover figures for the months of July, August and September 2020 are compared with the turnover figures for the same months in 2019. To be eligible, the turnover loss must be at least 30%. The compensation factor is higher than in the previous EZK regulation; it was 0.5 and is now 0.75. This means that with the same turnover figures, entrepreneurs can now claim a higher amount of compensation.
There is a new calculation module on the RCN website with which entrepreneurs can easily calculate the amount that they may be entitled to. If the amount is $ 6,000 or more, as with the second plan, a statement from an independent bookkeeper or accountant must be added to confirm the figures quoted.