Since the Medical Device Excise Tax originated in 2013, it’s possible that companies may have overpaid this tax. DMA works with you to ensure you are not paying more tax than required.
DMA’s Overpayment Review is a comprehensive service provided by tax experts. Our review includes the following:
Identification of Taxable/Exempt Transactions
DMA’s proprietary software solution MDETS
offers an automated process of determining taxability. DMA also reviews your in-house systems and processes to ensure accurate taxability determinations are being made.
Application of Proper Sales Pricing
DMA reviews all facets that determine the tax base to ensure that accurate pricing is applied.
Application of Exemptions
DMA identifies all possible exemptions and applies any applicable credits on your returns.
DMA ensures that changes necessitating reporting will be properly returned so that tax reductions may be realized and additional liabilities may be paid with minimal application of interest and penalties.