News & Analysis as of

Excise Tax Manufacturers Medical Devices

Latham & Watkins LLP

IRS Provides Guidance on Suspension of Medical Device Excise Tax

Latham & Watkins LLP on

Guidance eases tax filing burdens on medical device manufacturers. On February 24, 2016, the Internal Revenue Service (IRS) published informal guidance on the suspension of the Medical Device Excise Tax through an update...more

Knobbe Martens

Bills to Repeal Medical Device Excise Tax Introduced

Knobbe Martens on

Congressman Erik Paulsen (R., Minn.) and Senator Orrin Hatch (R., Utah) recently introduced bills H.R. 160 and S.149, respectively. Both bills are part of an effort to repeal the 2.3% excise tax on medical device...more

Baker Donelson

IRS Ruling Addresses Application of Medical Device Excise Tax in Contract Manufacturing Arrangement

Baker Donelson on

In Private Letter Ruling 201420004 (released May 16, 2014), the Internal Revenue Service (IRS) has ruled on the question of which party in a contract manufacturing arrangement is the "manufacturer" for purposes of the medical...more

Foley Hoag LLP

Foley Hoag and AdvaMed Collaborate on Industry Guidance on Retail Exemption in Final Device Tax Regulations

Foley Hoag LLP on

Foley Hoag and the Advanced Medical Technology Association (AdvaMed) collaborated on an important resource guiding manufacturers, importers, and producers of taxable medical devices through the newly released Internal Revenue...more

King & Spalding

IRS Releases Final Rule on Medical Device Tax

King & Spalding on

Last week, the IRS and the Treasury Department published final regulations regarding the medical device excise tax under § 4191 of the Internal Revenue Code (IRC). IRC § 4191, which was enacted by the Health Care and...more

Akerman LLP

Medical Devices To Be Taxed: Manufacturers and Importers Be Prepared

Akerman LLP on

Beginning January 1, 2013, manufacturers, producers, and importers of medical devices must report and pay a 2.3% excise tax on the sales price of taxable medical device pursuant to Section 4191 of the Internal Revenue Code...more

Perkins Coie

New Rules Will Be “Taxing” On Medical Device Manufacturers

Perkins Coie on

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently issued much-anticipated final regulations under Section 4191 of the Internal Revenue Code (Code), which imposes a 2.3% tax on sales of any...more

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