A coated cutting tool consisting of a substrate of cemented carbide, cermet, ceramics, steel or cubic boron nitride and a multi-layered wear resistant coating, wherein the multi-layered wear resistant coating has a total thickness from 5 to 25 μm and comprises refractory coating layers deposited by chemical vapour deposition or moderate temperature chemical vapour deposition (MT-CVD), and the multi-layered wear resistant coating comprises at least one pair of layers (a) and (b) with layer (b) being deposited immediately on top of layer (a), wherein - layer (a) is a layer of aluminium nitride having hexagonal crystal structure (h-AIN) and a thickness from 10 nm to 750 nm with a chlorine content of less than 5 at.-%, preferably less than 2.5 at.-%, most preferably less than 1 at.% or 2-3 at.-%, and - layer (b) is a layer of titanium aluminium nitride or titanium aluminium carbonitride represented by the general formula Ti 1-x Al x C y N z with 0.4 ≤ x ≤ 0.95, 0 ≤ y ≤ 0.10 and 0.85 ≤ z ≤ 1.15, having a thickness from 0.5 μm to 15 μm, and at least 90% of the Ti 1-x Al x C y N z of layer (b) has a face-centered cubic (fcc) crystal structure, - wherein the multi-layered wear resistant coating comprises a layer selected from the group consisting of titanium nitride (TiN), titanium carbonitride (TiCN), titanium aluminium nitride (TiAIN) and titanium aluminium carbonitride (TiAICN), said layer being deposited immediately underneath the first h-AIN layer of the type (a) and preferably having a columnar grain morphology. the multi-layered wear resistant coating has a total thickness from 5 to 25 μm and comprises refractory coating layers deposited by chemical vapour deposition or moderate temperature chemical vapour deposition (MT-CVD), and the multi-layered wear resistant coating comprises at least one pair of layers (a) and (b) with layer (b) being deposited immediately on top of layer (a), wherein - layer (a) is a layer of aluminium nitride having hexagonal crystal structure (h-AIN) and a thickness from 10 nm to 750 nm with a chlorine content of less than 5 at.-%, preferably less than 2.5 at.-%, most preferably less than 1 at.% or 2-3 at.-%, and - layer (b) is a layer of titanium aluminium nitride or titanium aluminium carbonitride represented by the general formula Ti 1-x Al x C y N z with 0.4 ≤ x ≤ 0.95, 0 ≤ y ≤ 0.10 and 0.85 ≤ z ≤ 1.15, having a thickness from 0.5 μm to 15 μm, and at least 90% of the Ti 1-x Al x C y N z of layer (b) has a face-centered cubic (fcc) crystal structure, - wherein the multi-layered wear resistant coating comprises a layer selected from the group consisting of titanium nitride (TiN), titanium carbonitride (TiCN), titanium aluminium nitride (TiAIN) and titanium aluminium carbonitride (TiAICN), said layer being deposited immediately underneath the first h-AIN layer of the type (a) and preferably having a columnar grain morphology. - layer (a) is a layer of aluminium nitride having hexagonal crystal structure (h-AIN) and a thickness from 10 nm to 750 nm with a chlorine content of less than 5 at.-%, preferably less than 2.5 at.-%, most preferably less than 1 at.% or 2-3 at.-%, and - layer (b) is a layer of titanium aluminium nitride or titanium aluminium carbonitride represented by the general formula Ti 1-x Al x C y N z with 0.4 ≤ x ≤ 0.95, 0 ≤ y ≤ 0.10 and 0.85 ≤ z ≤ 1.15, having a thickness from 0.5 μm to 15 μm, and at least 90% of the Ti 1-x Al x C y N z of layer (b) has a face-centered cubic (fcc) crystal structure, - wherein the multi-layered wear resistant coating comprises a layer selected from the group consisting of titanium nitride (TiN), titanium carbonitride (TiCN), titanium aluminium nitride (TiAIN) and titanium aluminium carbonitride (TiAICN), said layer being deposited immediately underneath the first h-AIN layer of the type (a) and preferably having a columnar grain morphology.