IRS Issues Final Rule on Medical Device Excise Tax

A final rule on the 2.3 percent excise tax for certain medical devices was released by the Internal Revenue Service and becomes effective Jan. 1.

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A taxable medical device is defined as a device listed with the FDA under section 510(j) of the Federal Food, Drug and Cosmetic Act, and 21 CFR part 807.

Click here to read the full story on the medical device tax in Becker’s Hospital Review.

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