Medical devices, SMEs in healthcare: 4,000 companies at risk of default due to new tax – reports LaPresse --[Reported by Umva mag]

In addition to jeopardizing nearly 200,000 jobs, the ‘payback’ tax system also threatens public health. This system requires private companies in the medical device sector to cover the excess spending beyond the budget caps set by the State for regional healthcare expenditures, with a tax amounting to 50% of the total amount declared by the Regions. “This is an outrageous sum—6 billion euros—that suppliers were neither aware of nor had control over,” stressed Broya de Lucia. “The total is divided among individual companies based on revenue, not profit. In some cases, the payback represents 80%, 90%, or even 100% of a company’s revenue. There are companies with annual revenues of 5 million euros being asked to pay 4 million euros in payback, with some cases where the amount requested exceeds the company’s entire earnings or its total net worth.” Read More

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