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Tax by Industry: Health Care Providers


Life Sciences companies face enormous obstacles today. Internal issues include pressure to fuel a pipeline of promising new products and to successfully manage talent. External issues include government oversight, shareholder activism and the ever-growing number of competitors. The last thing you need is a surprise from the tax side of the business.

Managing tax uncertainty requires a multifaceted understanding of opportunities, risks and your company’s ability to integrate business issues into strategic planning. Driving an acceptable, sustainable, effective tax rate today frequently involves aligning business objectives, cross-border supply chain needs and technical proficiency. 

Well-executed transfer pricing policies can help to avoid a monumental and costly trap. And the interplay between tax risk and financial reporting has moved to the forefront with the issuance of Financial Accounting Standards Board's Interpretation No. 48.

With so many moving parts in the tax equation, it’s easy to unintentionally increase your tax exposure. We can help. Download the attached PDF to learn more.


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Featured insights

2014 U.S. Health Care Providers Outlook: Challenges, trends and strategies that may shape your business
Mitch Morris, M.D., vice chairman and U.S. Health Care Provider leader, Deloitte Consulting LLP, weighs in on cost management strategies and innovations such as data analytics and new physician incentive models.


9th Annual Deloitte Life Sciences Tax Conference
This two day conference is designed for pharmaceutical, biotechnology and medical device companies. Participants will enhance their technical skillset to help them succeed in today's demanding life sciences tax environment.  


IRS releases final regulations and interim guidance on Medical Device Excise Tax
On December 7, 2012, the U.S. Treasury Department published Final Regulations and additional interim guidance under Internal Revenue Code (“IRC”) section 4191 relating to the medical device excise tax (“MDET”) that was enacted as part of the Health Care and Education Reconciliation Act of 2010, in conjunction with the Patient Protection and Affordable Care Act.


Medical Device Excise Tax Services
The new Internal Revenue Code Section 4191 imposes a 2.3% excise tax on sales of any "taxable medical device" by the manufacturer, producer, or importer of the device. As a provision of the Affordable Care Act of 2010, Section 4191 is one of several revenue-raisers intended to offset the costs of broadening U.S. health care coverage.


IRS releases proposed regulations on medical device excise tax
The U.S. Treasury Department issued Proposed Regulations under Treasury Regulations §48.4191 which provide guidance for the Medical Device Excise Tax enacted as part of the Health Care and Education Reconciliation Act of 2010, in conjunction with the Patient Protection and Affordable Care Act.



California enacts partial sales and use tax exemption
On July 11, 2013, California Governor Edmund G. Brown Jr. signed Assembly Bill (“AB”) 93 and Senate Bill (“SB”) 90, enacting, among other provisions, a significant new tax incentive that is potentially worth more than $8 million annually to certain companies in the life science industry.


Tax health reform: Implications for you and your business
Congress has approved and President Obama has signed into law comprehensive health care reform legislation that raises nearly $438 billion over 10 years through tax increases. Discover some of the tax implications on the Life Science industry.



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