Topic: Excise Tax

New 2.3% Medical Device Excise Tax Goes into Effect January 1, 2013

Earlier this month, the Department of the Treasury and the Internal Revenue Service issued final rules for the new 2.3% excise tax that will be imposed on medical devices as of January 1, 2013 pursuant to the Patient Protection and Affordable Care Act. For manufacturers, producers, and importers of medical devices, here’s a brief Q&A… Read more »