Improve machine hard alloy cutter tax standard

    With the approval of the State Council, the Ministry of finance, the State Administration of Taxation issued a "notice" on the improvement of local goods entrance tax rebate rate adjust the part of the labor-intensive and high-tech content, high value-added goods entrance tax rate.

    China to implement the new entrance tax code, which relates to machine tool industry commodity only one, namely, CNC machine tools, carbide cutting tools. The specific name for carbide metalworking machinery with knife and blade (metal) tax rebate rate to 11%.

    The personage inside course of study expresses, cutting tool industry over the years has been to encourage hard alloy, entrance tax rebate standards improve, indicating the state of this support is based on expanding domestic demand, improve the competitiveness of enterprises entrance, a policy measures to support enterprises to expand the application of entrance, is conducive to promoting the steady development of national economy.

    It is reported, due to the high speed steel cutter production consumes a lot of resources, and the low grade of products, low prices, this industry will not be encouraged. But because of China's machinery manufacturing industry needs, as well as China's tool industry technology has not yet transformation, most of China's tool industry still to produce this kind of tool, simultaneously is also great entrance.

    It is understood, in 2012 China tool export $800000000, most of them are high-speed steel, cemented carbide tool only tens of millions of yuan. At the same time, entrance structure of this kind of product, is also a factor in the international trade friction. Although developed countries the United States, Germany, China's tool has no obvious reaction, but Spain, South America and some countries are happened boycott of the event. Therefore, tool branch repeatedly called for a reduction of the entrance of high-speed steel tool, but the present industry situation and had no obvious change.