Industry is pushing for more exemptions from an oncoming 2.3% excise tax on U.S. device sales, and more flexibility on what sales price is actually taxed compared to what the Internal Revenue Service outlined in a proposed rule
in February.
Device Firms Seek More Exemptions, Pricing Flexibility For Oncoming Excise Tax
Written comments were due May 7 on the Internal Revenue Service’s proposed regulation to implement a 2.3% excise tax on device sales in the lead-up to a May 16 public hearing.
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