Exciting news for shopaholics and savvy travelers! China unveiled new measures on Sunday to optimize its departure tax refund policy. Now, if you spend at least 200 yuan in a single store on the same day, you can easily apply for a refund using mobile payments, bank cards, or cash — with the cash refund limit raised to 20,000 yuan. This update is all about making your shopping experience smoother and more rewarding.
These changes are part of a broader effort to boost inbound shopping. More departure tax refund stores will soon pop up at popular shopping areas, pedestrian streets, cultural venues, airports, and hotels, offering a diverse range of products from time-honored brands and smart devices to unique crafts and specialty items. It's a perfect move for young, tech-savvy travelers looking for a seamless and enriching shopping spree!
As Chen Binkai of the Central University of Finance and Economics explained, "Providing overseas travelers with a greater variety of shopping options and improved, more convenient tax refund services will help stimulate inbound consumption and support economic growth." With a shift to a refund-upon-purchase model, you can now claim your VAT rebates instantly at tax-free stores, aligning perfectly with today’s fast-paced, tech-friendly lifestyle.
So, whether you're exploring vibrant markets or planning your next adventure, get ready to shop, save, and enjoy a smoother refund experience. Happy shopping and safe travels! 😊
Reference(s):
cgtn.com
