CNC equipment manufacturing import tax receding

The Ministry of Finance has recently introduced a targeted import tax policy aimed at boosting the independent innovation of China's CNC equipment industry. This initiative, effective from January 1, 2008, imposes import duties and value-added taxes on key components and parts imported by domestic firms involved in the development and production of large-scale, high-precision, and high-speed numerical control (CNC) machines and their essential components. The goal is to encourage domestic technological advancement and reduce reliance on foreign imports. CNC equipment serves as a crucial indicator of a country’s manufacturing capabilities. For many years, China’s high-end CNC machine tools were largely imported, with limited progress in developing CNC systems and core components. This technological gap has hindered the upgrading of China’s manufacturing sector and posed risks to industrial security and economic growth. In response, the Ministry of Finance announced that starting May 1, 2008, foreign-invested projects approved under the “Foreign Investment Industry Guidance Catalog” would be eligible for import duty exemptions on certain self-use machinery and equipment. According to Announcement No. 2 of 2007, specific machine tools and pressure forming machines listed in the 10th category can be exempt from import VAT. Projects approved before May 1, 2008, could still benefit from previous tax exemptions outlined in Guo Fa [1997] No. 37, but after November 1, 2008, these projects would be subject to import duties while still qualifying for VAT exemptions. This policy applies to non-priced imported equipment from foreign-funded advantageous industrial projects, foreign government loans, and international financial organization loans. To qualify for these tax benefits, companies must demonstrate the ability to design and test high-end CNC equipment, employ skilled technical staff, and have strong capacity for technology absorption and local manufacturing. They must also have clear market demand and a substantial user base, with annual sales of CNC equipment or components generally exceeding 100 units. For newly established companies, this threshold may be adjusted, especially for heavy-duty and precision CNC machines. The list of eligible products will be reviewed periodically based on company applications, policy implementation, and domestic support capabilities. Officials from the Customs Department believe this policy will significantly enhance the R&D and production capabilities of Chinese enterprises. Industry experts also see it as a step toward fostering independent technological development models, supporting long-term growth in China’s equipment manufacturing sector and overall economic stability.

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