Overseas visitors to get tax refunds
Overseas visitors will soon be able to claim tax refunds on purchases across China, the Ministry of Finance announced.
Overseas tourists and those from Hong Kong, Macao and Taiwan who have lived on the Chinese mainland for no more than 183 days will be eligible for a rebate of 11 percent on consumer goods bought at designated department stores.
The minimum purchase to qualify for a tax refund is 500 yuan (about $81) at any one store in a day.
It is unclear how many cities will apply to join the plan.
However, according to experts and expatriates, the biggest problem the policy faces is that most foreign tourists do not come to China to buy well-known brands. A manager at a duty-free shop in Shanghai said international tourists do not have much enthusiasm for products they can buy more cheaply at home.
When the mercury plummets in Changchun, exhilaration surges because it’s time for the annual ice and snow festival. More than 107 million visitors have attended 17 annual festivals, generating 117.5 billion yuan ($19 billion) in revenue since the events’ inception, the provincial government says.