- China has seen a significant increase in transactions and VAT refunds for departing tourists.
- The surge follows the implementation of an “instant tax refund upon purchase” policy.
- The instant VAT refund service was launched nationwide one year ago.
Source: vitallaw.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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