Wednesday, Jan 23, 2013

The ADA continues to provide updates about the recent regulations imposing a 2.3% excise tax on medical devices:

  1. Dentists are not responsible for collecting, reporting or paying the new 2.3% tax
  2. The tax on "devices" specific to dentistry will in many cases be applied to the materials used in the manufacture of dental devices. The ADA has compiled a list of excise taxable materials on their website
  3. The tax will result in some increased costs for dentists and dental patients
  4. Dentists should be alert in reviewing manufacturer and vendor price lists and invoices to make sure that the 2.3% tax is not applied as a general cost increase with respect to all items, and is only being applied in cases where the law so requires.

Note: The tax applies only to sales of taxable medical devices purchased after December 31, 2012.