Imports are no longer tax-free machine tool industry or affected

The machinery industries involved in the duty-free catalogue are mainly in the instrumentation industry, engineering machinery industry and machine tool industry. The specific non-tax-free varieties, the instrument and instrument industry increased by 55, the construction machinery industry added five, and the machine tool industry also increased by as many as 37. The types of imported equipment involved in the adjustment are numerous and wide.

The company hopes that favorable policies will emerge in an endless stream and look forward to being led by the dawn of policy into a new round of growth. Indeed, the adjustment of the tax reduction and exemption policy aims to support domestic manufacturing and encourage foreign-funded enterprises to purchase more domestic equipment. The implementation of this policy has made the machine tool industry, which is shrouded in the fog of the financial crisis, see the hope of development.

Over the years, due to the demand of foreign-funded enterprises for high-tech products such as machine tools and the preferential policies given by China's policies, foreign investors have always turned their arrogant eyes overseas, resulting in a large outflow of procurement funds. The adjustment of this policy also insinuates another subtext. The number of CNC machine tools in China has entered a mature stage from the growth stage, that is, the number of CNC machine tools and pressure forming machines that cannot meet the requirements of domestic technology has been greatly reduced.

It is understood that the adjustment of the tax reduction and exemption policy is mainly to support the development of domestic manufacturing industry and encourage foreign-funded enterprises to carry out domestic procurement of equipment. Although it has a certain impact on the import of foreign-funded enterprises, it is undoubtedly a boon for domestic equipment manufacturers. Imports are no longer tax-free, and it is inevitable that foreign-invested enterprises will not be affected. The policy of exempting customs duties and value-added tax on imported machine tools from foreign-invested enterprises was adjusted. Foreign-invested companies importing such equipment are no longer enjoying tax-free benefits as they have in the past.

The machine tool industry is not tax-free. The "New Catalogue" stipulates 141 kinds, which is 37 more than the "Original Catalogue". There are mainly CNC boring and milling machining centers, CNC heavy-duty horizontal lathes, CNC heavy-duty vertical lathes, CNC heavy-duty grinding machines, CNC gantry milling machines. CNC heavy-duty gear hobbing machine, CNC boring and milling machine, CNC coordinate boring machine, grinding machine, combination machine tool, gantry machining center and some specifications of straightening (flat) machine, forging press and so on. At the same time, it also improved the technical specifications of a number of CNC machine tools and measured the machining accuracy. For non-CNC machine tools, the “New Catalogue” has undergone major adjustments, stipulating that all non-CNC machine tools are not subject to tax exemption, including non-CNC metal cutting machine tools and metal forming machine tools. A number of woodworking machinery, casting machinery and measuring instruments have also improved the technical specifications and expanded the scope of tax exemption.