Email   Contact Us

Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

Can you please explain the new medical device excise tax?

Medical Device Excise Tax
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Steven Potts JD EA
The medical device excise tax, part of the Patient Protection Act and the Affordable Care Act (Obamacare), is a 2.3% tax imposed on the manufacturers or importers of medical devices. It is a tax on the GROSS sales price of the medical device. It does not apply to the sales of eyeglasses, contact lenses, and hearing aids. The tax generally does not apply to individual consumers.

The first quarterly return for the medical device excise tax is due on April 30, 2013 for sales made in January, February and March 2013.
Leave a Comment 454 weeks ago

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Contact Us Today