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China’s New Instant Tax Refund Policy Boosts Tourist Shopping and Economic Growth

  • Foreign tourists are impressed by the easier sales tax refund process in China.
  • The new system benefits tourists and boosts domestic consumption.
  • China has optimized its departure tax refund policy.
  • Tourists can now receive tax refunds immediately after purchases.
  • The policy was launched nationwide on April 8.
  • The new model replaces the traditional refund-upon-departure with refund-upon-purchase.
  • The change aims to stimulate inbound consumption and support economic growth.

Source: chinadaily.com.cn

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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