By abiwer@officite.com
December 28, 2012
Category: Uncategorized
Tags: Untagged

Dentists will not be responsible for assessing, collecting or paying the 2.3 percent medical device excise tax that will be applied as of Jan. 1, 2013. However, they can expect some modest increase in the cost of materials and finished dental devices as manufacturers adjust their prices to accommodate the tax.

Upon President Obama's re-election, the Internal Revenue Service issued new rules implementing Affordable Care Act provisions, the excise tax among them. The new regulations affect manufacturers, importers and producers of taxable medical devices. While there is still information to be ascertained in regards to the tax, the ADA has posted information on its website to inform members ahead of the implementation date.

Comments: