Moratorium on Medical Device Excise Tax

Friday, February 19th, 2016

 
 
A medical device.
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District of Columbia
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Congress imposed a moratorium on the medical device excise tax from January 1, 2016 until December 31, 2017. Sales of medical devices made after December 31, 2015 are not subject to the tax until the moratorium expires.

The medical device excise tax is imposed on sales of certain medical devices by manufacturers or importers. The manufacturer or importer is responsible for paying the tax. In general, taxable medical devices are listed under section 510(j) of the Federal Food, Drug, and Cosmetic Act.

https://www.gpo.gov/fdsys/pkg/BILLS-114hr2029enr/pdf/BILLS-114hr2029enr.pdf


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Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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