Adjustment of tax exemption policy for machine tool industry

It is understood that the adjustment of the tax reduction and exemption policy is to support the international manufacturing industry and encourage foreign companies to suspend the international marketing of equipment. Although it has a certain impact on the export of foreign-funded enterprises, it is undoubtedly a boon to internationally equipped manufacturing companies. Exports are no longer tax-free, and foreign companies are inevitably not affected. Adjust the policy of exempting customs duties and value-added tax for export of machine tools from foreign-invested enterprises. Foreign-funded enterprises exporting such equipment no longer enjoy tax-free concessions as they have in the past. Machine tool industry tax reduction and exemption "new catalog" rules 141 kinds, than the "original catalog" added 37 kinds, no CNC boring and milling machining center, CNC heavy horizontal lathe, CNC heavy duty vertical lathe, CNC heavy duty grinder, CNC gantry milling machine, 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 has also improved the technical specifications of a number of CNC machine tools and used machining accuracy as a trade-off target. For non-CNC machine tools, the "New Catalogue" has been seriously adjusted. 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, foundry machinery, and measuring instruments have also improved the technical specifications and expanded the inevitable tax range.  

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