在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Improved tax refund policy spurs foreign tourist spending

By CHENG YU | chinadaily.com.cn | Updated: 2025-06-11 22:45
Share
Share - WeChat
Foreign tourists shop in Huaqiangbei, one of the world’s largest electronics markets, in Shenzhen, Guangdong province, in April. GE ZIWEN / FOR CHINA DAILY

China is registering a sharp increase in foreign tourist spending after the introduction of a series of measures to refine its tax refund policy, data released on Tuesday by the State Taxation Administration showed.

One month after the nation introduced its revamped departure tax refund policy on April 27, the number of processed refund transactions soared 116 percent year-on-year, while sales at participating stores surged 56 percent.

The new policy aims to make shopping in China more seamless and rewarding for international visitors. Key changes include lowering the minimum spending threshold for claiming a refund, raising the ceiling for cash refunds, expanding the number of eligible retailers and widening the scope of refundable goods.

At the heart of the new policy is a "refund-upon-purchase" model, which allows foreign tourists to claim value-added tax refund instantly at the cash register, rather than waiting until they leave the country.

For example, a foreign tourist purchasing a Huawei Mate XT smartphone priced at 23,999 yuan ($3,340) could get an in-store refund of around 2,500 yuan. The savings are enough to cover a high-speed train ticket from Beijing to Shanghai and a night's stay at a decent hotel.

The effects of the policy have been swift. Transactions under the refund-upon-purchase model increased 32-fold in one month, while the sales volume tied to those transactions surged 50-fold, according to the tax authority.

As many as 1,303 new tax refund stores have been introduced nationwide, bringing the total number of such stores to 5,196, an increase of 40 percent compared with the end of 2024, it said.

Li Xuhong, deputy dean of the Beijing National Accounting Institute, said, "The policy has tapped into the latent potential of inbound consumption, and it will drive high-quality economic growth in the domestic market as a whole."

The tax reform is part of a broader push to revive inbound travel. It coincides with other initiatives such as the expansion of China's unilateral visa-free transit to 240 hours for eligible foreign travelers.

"Such efforts stand as an important measure taken by China to match international high-standard economic and trade rules," said Andrea Yue, partner of indirect tax services at market consultancy EY China.

"As China is expected to become the world's largest inbound tourism market this year, improving the openness of the consumption sector in the country can help enhance economic resilience and showcase the attractiveness of the Chinese market," she added.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 伊人精品在线 | 日本色站 | 精品久久中文字幕 | 国产中文视频 | 国产在线观看高清 | 黄色成人av| 国产一区二区三区视频观看 | 自拍偷拍一区二区三区 | 污片在线免费看 | 视频一区 中文字幕 | 国产成人精品免费视频大全最热 | 中文字幕国产区 | 骚鸭av | 视频在线亚洲 | 国产精品中文字幕一区二区三区 | 日韩一区二区三区av | 国产精品久久久久9999鸭 | 欧美一区2区三区4区公司二百 | 在线精品一区二区 | 久久精品视频免费观看 | 国产一区二区精品在线观看 | 中文字幕高清 | 91精品国产99久久久 | 色婷婷中文字幕 | 污网站在线观看免费 | 欧美电影一区二区三区 | 欧美啊v| 欧美 日韩 中文 | 日韩在线影视 | 日本不卡精品 | 亚洲一区中文字幕在线观看 | 黄在线免费观看 | 国产成人精品午夜 | 成人欧美一区二区三区黑人孕妇 | 一级全黄少妇性色生活片毛片 | 欧美福利电影在线观看 | 欧美日韩成人在线观看 | 国产精品国产三级国产有无不卡 | 婷婷色国产偷v国产偷v小说 | 五月激情站 | 欧美亚洲一区 |