Wednesday, February 08, 2012 9:55 AM
IRS Releases Guidance on Device Tax
The federal government details exemptions for medical device service providers and early-stage companies and addresses concerns around double taxation.
The U.S. Department of the Treasury released proposed regulations on who will and who won't be subject to the 2.3 percent medical device tax, but put in some exemptions for early-stage devices. The Internal Revenue Service also addressed, albeit vaguely, the fears of a double tax for contract manufacturers, importers and component manufacturers. But this announcement did not appease sections of the industry and its supporters on Capitol Hill. Several of them called for repealing the more...
|
Please log in or become a member...
To continue reading this content you must either log in become a member. If you are already a member, please log in using the form below. If you are not already a member, we invite you to join our online community. Membership is free of charge to personnel working in industry, academia, and government.
To join please click on the "Become a Member" link at the top of the page (joining takes around 1 minute and you only need to register once).
Membership benefits include free access to:
-
Industry news, feature articles, podcasts, videos and blogs
-
Weekly eNewsletter subscription
-
Resource Center including downloadable brochures, white papers, reports & media files
-
Industry events calendar
Thank you!
|
Be the first to leave a comment.
Post your comments about this article or questions for the author here