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The Medical Devices Excise Tax (MDT), which comes into effect December 31, 2012, will affect a great many dental laboratories in the United States. Although it appears that domestic labs will largely be exempt, it is worthwhile for lab owners to establish well in advance whether or not they must begin collecting the 2.3% excise tax January 1st.
(PRWEB) December 14, 2012
It appears that labs in the United States that make sleep apnea and snoring devices, and labs in the United States that import crowns, bridges, mouth guards, and orthodontic devices will be responsible to collect the MDT and remit it to the IRS.
The National Association of Dental Labs (NADL) has played a pivotal role in interpreting the tax and providing feedback to the dental lab industry. Visit the NADL site for more information.
Evident software for Dental Lab Management is ready for labs that will collect the MDT. No matter what state the lab is in, Evident can track which customers and which products are MDT taxable independently from other taxes for automatic collection and easy remission. Setup can begin in advance of the deadline so labs can be ready before the end of the year making even the very first remittance figures available with the click of a button.
Evident even provides lab owners with the choice as to whether or not the tax is to be displayed on the invoice.
Despite the efforts of the NADL and the ADA to exempt dental manufacturing from the MDT, the final ruling on the tax was delivered on the 6th of December 2012. To view the final ruling click here.
As well as keeping labs up-to-date with MDT collection and remission features, Evident also helps labs to comply with DAMAS and ISO standards. Combined with customer support that is second to none in the dental lab industry, Evident is a fully featured system used in dental labs in North and South America, the European Union, and Australia. Evident’s diverse customer base drives innovative development for all.
Evident dental lab software is in its third year of operation and is already the most developed web based software on the market. Evident has people standing by to help implement the Evident system. Contact them for an obligation free on-line demo to investigate further +1 877 909 7770.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10231364.htm
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