The US Medical Device Excise Tax (MDET) will come back into effect in 2018.

Travis

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The US Medical Device Excise Tax (MDET) will come back into effect in 2018

Manufacturers and importers of taxable medical devices will be subject to a 2.3% tax on US sales.

  • Originally implemented in 2013 as part of the US Patient Protection and Affordable Care Act (ACA, or Obamacare),MDET imposed a 2.3% excise tax on manufacturers and importers of “taxable medical devices” sold in or imported to the US. Campaigns by industry trade groups as well as many US legislators to repeal MDET began even before the 2013 implementation; although those efforts did not succeed, the US government did place a moratorium on MDET whereby medical device companies were not liable for the tax from January 2016 to December 2017.
  • Now, medical device manufacturers and importers will have to report sales of taxable devices to the US Internal Revenue Service (IRS) for the first quarter of 2018 no later than April 30, 2018.

Any listed medical device that has a three-letter FDA product code falls under MDET requirements. Devices that currently have no FDA product codes assigned to them are not subject to the tax.

In short, most dental laboratories are not subject directly to the Medical Device Excise Tax. However, all dental laboratories will likely see increased costs for materials and equipment in 2018, as suppliers may increase costs to laboratories to offset the tax.

NADL previously published a Member Guide to the Medical Device Excise Tax to help outline what activities and/or products may trigger tax compliance for dental laboratories. The manual is available to members by emailing [email protected]

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sidesh0wb0b

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OH JOY! more taxes. good thing america is great again and the markets are booming!
 
Affinity

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WTF!? So this is our tax cut.. FML
 
ps2thtec

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Got hit 2.3% on alloy . It’s 2018, Time to bend over.
 
Juko

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Tax his land,
Tax his bed,
Tax the table,
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
-someone somewhere.
 
Juko

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and the death tax, taxes dont just stop when your heart does!

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax

I think it was covered.
 
sidesh0wb0b

sidesh0wb0b

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Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax

I think it was covered.
true lol
 
vurban210

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FYI - Thanks to the Republicans in congress we got another 2 year deferral on the Medical device tax. Packaged in today's CR bill was a 2 year deferral on the tax. So if the bill is signed as is the tax would not kick back in until 2020. Now hopefully they can permanently repeal the tax so we don't keep going through this.

DIVISION DSuspension of certain health-related taxes
SEC. 4001. Extension of moratorium on medical device excise tax.

Section 4191(c) of the Internal Revenue Code of 1986 is amended by striking December 31, 2017 and inserting December 31, 2019 .

(b) Effective date.—The amendment made by this section shall apply to sales after December 31, 2017.



Full bill text here: https://www.congress.gov/bill/115th-congress/house-bill/195/text

 
sidesh0wb0b

sidesh0wb0b

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FYI - Thanks to the Republicans in congress we got another 2 year deferral on the Medical device tax. Packaged in today's CR bill was a 2 year deferral on the tax. So if the bill is signed as is the tax would not kick back in until 2020. Now hopefully they can permanently repeal the tax so we don't keep going through this.



Full bill text here: https://www.congress.gov/bill/115th-congress/house-bill/195/text
would be nice if we could get a full repeal of this and a host of other overbearing taxes.
 
vurban210

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would be nice if we could get a full repeal of this and a host of other overbearing taxes.

The thing is, there is bipartisan support for repealing it. Nobody likes it and every Rep/Senator has medical device manufacturers in their district or state. It's a very unpopular tax.
 
JMN

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Popular with who? Because as far as I can tell most progressives have never seen a tax they don't like.
As long as it doesn't apply to them. Some animals are more equal.
 
Affinity

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I forgot about this post.. I havent been charging this tax at all. Is this still a thing?
 
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