Medical device tax: AdvaMed warns IRS on double tax risk for drug device combination products

July 13, 2011 by MassDevice staff

The Medical device industry council files more comments with IRS in an effort to exclude drug-device combination products, medical kits and leased equipment from being taxed twice under the medical device tax.

Health care reform

The medi-tech industry is trying to stay ahead of medical device fees to assure some products are not taxed twice under the new excise tax on industry contained in the health care bill.

As expected, the Advanced Medical Technology Assn. submitted another round of public comments to the IRS in an effort to mitigate the chance of some medical device companies being taxed twice under the new 2.3 percent excise tax, which is slated to go into effect in 2013.

Get the complete picture with a MassDevice Plus membership. Registered users can login here.

Comments

Built on an AdaptiveTheme using Drupal by Michael Knapp  mknapp