Tourists to get tax refunds on purchases
Overseas visitors making purchases in Beijing and Shanghai are getting tax refunds in an effort to bolster tourism and sales of some items popular with foreign visitors, such as souvenirs, silk, porcelain and traditional Chinese medicine products.
The rebate program that began on Wednesday could significantly stimulate the development of Beijing’s tourism, which has seen slow growth in spending and a decrease in visitors, said Wang Yue, deputy director of the Beijing Municipal Commission of Tourism Development..
Tourists from overseas, will be eligible for an 11 percent rebate on consumer goods bought at designated stores. The minimum purchase to obtain a tax refund is 500 yuan (about $80) at any one store in a day.