What are the benefits of tax-free machines?

Machine tool industry is not tax-free "new directory" provides 141 species, mainly CNC boring and milling center, CNC heavy horizontal lathes, CNC vertical lathes, CNC heavy-duty grinding machines, CNC gantry milling machines, CNC heavy duty hobbing machines, CNC boring and milling machines, CNC Coordinated boring machines, grinding machines, combined machine tools, gantry machining centers and some specifications of straightening (flat) machines, presses for forging etc. At the same time, it also improved the technical specifications of a number of CNC machine tools and used the processing accuracy as a measure. Non-CNC machine tools, "New Catalog" made a major adjustment, stipulating that all non-CNC machine tools imported are not exempt, including non-CNC metal cutting machine tools, metal forming machine tools. A batch of woodworking machinery, foundry machinery, and measuring instruments also increased the technical specifications and expanded the scope of tax exemption.

The Influence of Machine Tool Exemption on Chinese Machine Tool

Over the years, foreign companies have always turned their arrogant attitude overseas because of the demand for sophisticated technology from foreign-funded enterprises such as machine tools and tool industries, as well as the preferential policies offered by China's policies, resulting in the outflow of large amounts of procurement funds. The adjustment of this policy also reflected another subtext - China's CNC machine tools have matured from the growth stage, that is, "the number of CNC machine tools and pressure forming machines that the existing domestic technology can not meet the requirements of the index" has been greatly reduced.

Machine Tool Does Not Exempt from Taxes to Benefit China's Machine Tool

The company expects an endless stream of good policies and expects to be led by the dawn of the policy into a new round of growth. Indeed, the purpose of this adjustment of the tax exemption policy is to support domestic manufacturing industries and encourage foreign companies to purchase more domestic equipment. The implementation of this policy has allowed the machine tool industry, which shrouded in the fog of the financial crisis, to see the hope of development.

It is understood that the adjustment of the current tax reduction and exemption policy is mainly aimed at supporting the development of domestic manufacturing industries and encouraging foreign-funded enterprises to make more domestic purchases of equipment. Although it has a certain influence on the import of foreign-funded enterprises, it is undoubtedly a boon to domestic equipment manufacturers. Imports are no longer tax-free, and foreign companies will inevitably not be affected. Adjust the policies for the exemption of customs duty and value-added tax for imported machine tool equipment from foreign companies. Foreign companies that import such equipment no longer enjoy tax exemption as they have done in the past.

Chinese machine tools should seize the opportunity to step up "going out"

At present, China has become the world's largest machine tool producer, consumer, and importer. China's machine tools are more closely linked with the world market. In order to adapt to the new trend of economic globalization and the new pattern of world machine tool market competition and improve the international competitiveness of China's machine tool industry, the “going out” of Chinese machine tool companies is an industry consensus and a necessary path for future development.