Excise Tax


  • January 2013
  • NADL Releases Guidebook For Medical Device Excise Tax
    Industry News · LMT Communications, Inc. · Jan 31, 2013

    In December, the IRS released its final rule on the Medical Device Excise Tax (MDT), determining that only those devices required to be listed with the FDA are subject to the tax (for example, sleep apnea and snoring devices as well as all restorations fabricated outside of the U.S.). To provide labs with a clear understanding of the MDT, the NADL has prepared a Medical Device Excise Tax Guidebook which includes an overview of the tax; the definition of a taxable medical device; key factors for manufacturer and importer determination; and a computation of the tax due to the IRS. The guidebook also...

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