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Extended delay in effective and transition dates of US Department of Labor’s high-skilled wage rule discussed
The Department of Labor (DOL) on March 22, published in the Federal Register a delay in the effective date of the high-skilled wage rule until November 14, 2022, with an applicability date of January 1, 2023. This final rule was scheduled to be formally implemented on March 15, with wage levels taking effect on July 1, 2021.
A Tax Alert prepared by EY Law LLP, and attached below, provides additional details.