VIDOL Announces Unemployment Insurance Tax Rates for 2022

USVI, December 30, 2021-. V.I. Department of Labor Commissioner Gary Molloy announces the 2020 unemployment insurance tax rates. This is pursuant to the authority granted by 24 V.I.C. §308.
The rates will be as follows:

1. The unemployment tax rate for new employers will remain at 2.0% for 2020, under Act 8209 (24 V.I.C. §308(b)(2)).
2. The unemployment tax rate for experienced contributory employers (those who have been in business three (3) years or more) will be 2.5%.

The Department of Labor encourages businesses to find out more about the payment process and rate calculations. For more information, please contact Mr. Gary Halyard, Acting Director of Unemployment Insurance Unit, at (340)773-1994 ext. 2104 on St. Croix; or contact Ms. Faye Reed, Acting Chief of Tax, at (340) 776-3700 ext. 2013 or 2035 on St. Thomas.

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