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HomeEconomyA small step for Saint Martin, breath of fresh air for businesses

A small step for Saint Martin, breath of fresh air for businesses

MARIGOT: FIPCOM/MEDEF is proud to announce that it has participated in a regulatory change, particularly for its territory, but also for the overseas departments and the community of Saint Barthélemy.

The issue may seem insignificant, but it will allow companies in the territory to consider a “breath” of cash.

Article 65 of the Amending Finance Act 3 of July 30, 2020, provided for the possibility for employers and self-employed workers who had, with the authorization of the CGSS, suspended their debts to the social security organization between March and June 2020 (for employers) and between March and October 2020 (for self-employed workers), to be able to enter into a social debt repayment plan, known as a COVID-19 plan.

It should be noted that the COVID19 debt repayment plans, as provided for in article 65 of the LFR3 of July 30, 2020, could not be concluded for more than 3 years (either in social or tax matters).

FIPCOM/MEDEF expressed concern about this to the FEDOM in Paris, noting that the situation in the territory after Hurricane IRMA had led to the proposal of five-year debt repayment plans, and that new three-year debt repayment plans could therefore be difficult to manage.

The FEDOM reacted immediately and worked with the Parliamentarians to propose an extension of the duration of the debt repayment plans to 5 years. The government published a decree n° 2021-316 of March 25, 2021, which provided that the duration of the Social Debt Settlement Plans could be extended to 5 years only for employers located in the communities of Saint-Martin and Saint-Barthélemy, who were already beneficiaries of an IRMA Settlement Plan.

Given that the situation remains insufficient, the FEDOM has therefore continued its efforts to obtain an extension of the perimeter of contributors concerned by the extension of the duration of COVID19 debt adjustment plans.

By decree no. 2021-1579 of December 6, 2021, FIPCOM/MEDEF is pleased to announce that the FEDOM has achieved the desired objectives.

From now on, employers, self-employed workers and non-salaried agricultural workers in the departments and communities of Guadeloupe, French Guiana, Martinique, Mayotte, Reunion, Saint Barthélemy and Saint-Martin will be able to benefit from a debt repayment plan of up to 5 years, without the condition for Saint-Martin to have signed an IRMA Plan beforehand.

It should be noted, however, that the contributions included in the social debt repayment plans are those due after March 2020, and only for the months when the CGSS has authorized a suspension of payment, including during 2021.

In the end, we must welcome a small step, which took many months, but which will certainly bring a “breath of fresh air” for a large part of the companies in the targeted territories.

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