Update on Medical Device Tax Implementation – An In-Depth Look

When:	« Back to Calendar August 22, 2012 @ 7:00 am - 9:00 am
Where:	KPMG Boston Office -Two Financial Center 60 South St Boston,MA 02111 USA	View Full-Size Map » ✔ Add to Calendar ✔ Add to Google Cal
Member Cost:	$ 50
Nonmember Cost:	$ 50
Categories:	MassMEDIC Events

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In May, MassMEDIC held a seminar on the implementation of the medical device excise tax that provided baseline information to area medical device manufacturers. Now that the Supreme Court has upheld the Patient Protection & Affordable Care Act, the medical device excise tax  remains in place. With less than a half of a year remaining until the January 2013 implementation date, will your company be prepared?  This seminar updates information on the tax’s implementation since May and offers new insight into how companies can prepare for compliance. 

Representatives of KPMG’s tax team will discuss how the new medical device excise tax will affect you from a practical point of view including lessons learned and best practices.  Topics to be covered include:

Whether a company is a manufacturer or an importer

Retail exemption for certain devices

How the tax base is determined, including application of the constructed sales price rules for sales at retail and intercompany sales

IRS ruling requests related to constructed sale price

Implementing systems for computation of the tax

Rules for becoming registered by the IRS for tax free sales relating to sales and purchases of medical devices for use in further manufacture, and sales for export

 

 

 

MassMEDIC gratefully acknowledges our corporate sponsor of this program. 

 

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