China Adopts Instant VAT Refunds for Tourists, Enhancing Shopping Experience Nationwide

• China updates tax refund policy for foreign tourists
• Shifts to refund-upon-purchase model
• Positive move for tourism
• Foreign visitors can claim VAT rebates instantly at tax-free stores
• Previously, VAT rebates were only available upon departure
• Policy first trialled in Shanghai, Beijing, Guangdong, Sichuan, and Zhejiang
• Nationwide rollout planned
• Streamlined policy enhances shopping experience for foreign visitors

Source: travelmole.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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