Medical Device Excise Tax Insights

Calculate and manage potential tax liabilities while saving hours of manual time and money.

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KPMG MDET Processing Tool

Our proprietary web-based technology can help you accurately calculate and manage potential tax liabilities while saving hours of manual time and money.

Our goal is to help companies meet their MDET tax compliance responsibilities and account for what devices are taxed under this law, which, in turn, can help reduce demands on internal resources.

Key features:

A system that is ready to process company data after configuration and provisioning have been completed based on the company’s requirements

  • Secure data center and software environments—utilizing the latest industry hardware and software
  • Leading industry standard security, backup processes and data center stability
  • Consistent underlying computing and tax methodologies
  • Routine updates to stay current with changes in the tax law, IRS interpretations and court rulings
  • Configurable framework to support a variety of tax positions

KPMG Insights on MDET

Our skilled tax professionals, many with backgrounds at the IRS, can review your positions and documentation and help remediate areas of risk. And if the need arises, we can help you prepare for a federal examination and represent you before that body.

Final Regulations on the Medical Device Excise Tax

The medical device excise tax is now in effect. Generally, tax is imposed on the sale, use, or lease of a “taxable medical device” by its manufacturer or importer. The government released final regulations on this tax late last year. This article discusses the final regulations and identifies some questions that remain unanswered.

Government Issues Interim Guidance on the Medical Device Excise Tax

The medical device excise tax is imposed on the sale, use, or lease of a “taxable medical device” by its manufacturer or importer. The government released interim guidance on a number of matters concerning implementation of the tax—constructive sale price, software licenses, charitable donations, convenience kits, and deposit penalty relief. This article discusses the interim guidance and provides some observations for taxpayers implementing the new tax.

KPMG's Medical Device Excise Tax Services Brochure

Under the MDET law, tax liabilities and semimonthly payments can be substantial for device manufacturers and importers.