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China updates tax refund policy for tourists, allowing instant VAT rebates at stores nationwide.
China has updated its tax refund policy for foreign tourists, changing from a refund-upon-departure model to a refund-upon-purchase model.
Foreign visitors can now instantly claim VAT rebates at tax-free stores and use the refunded amount immediately for more shopping.
This policy, previously tested in major cities, has now been approved for nationwide rollout, aiming to enhance tourism services and stimulate economic growth.
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China actualiza la política de reembolso de impuestos para los turistas, permitiendo descuentos instantáneos de IVA en tiendas en todo el país.