Are your devices subject to the Medical Device Excise Tax? Find out here!

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The IRS released its Final Rule on the Medical Device Excise Tax (MDT) on December 5, 2012. Devices that are not required to be listed as a device with the FDA do not meet the IRS definition of a taxable medical device and consequently will not be subject to the Medical Device Excise Tax. This is good news for most domestic dental laboratories as most domestic dental laboratories are manufacturing dental devices that are not required to be listed with the FDA. This manual attempts to provide you with a clear understanding of the following topic areas:

· An Overview of the Medical Device Excise Tax;

· Defining a Taxable Medical Device;

· Key Factors for Manufacturer & Importer Determination;

· Sale & Sale Price - What's In and What's Out;

· Computation of the Tax due to IRS;

· Tax Free Sales - Export & Further Manufacture;

· The final IRS Rule and IRS Notice 2012-77 - Interim Rules.

The NADL Medical Device Excise Tax Member Guidebook is available in print, digital download, and as a CD.

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