Incredible news for tourists to China: visitors will soon be able to shop duty-free throughout the country. China’s Ministry of Finance confirmed that tourist can claim tax refunds on purchases of 500 yuan or more that they make throughout China. Visitors will be refunded the 11 percent tax on goods that cost approximately USD81 or more at one store in one day, provided they leave the country within 90 days after the purchase of the goods.
The refund would be available on products such as clothing, watches, jewelry, electronics and more. The tax refund is hoped to be an incentive to foreign tourists to China to boost spending on well-known brands and to make visiting and shopping in the destination more enticing. |
