China Launches Nationwide Instant VAT Refund Policy to Boost Inbound Tourism and Spending

• China has implemented a nationwide “instant VAT refund” policy for overseas travelers.
• Eligible foreign visitors can receive VAT refunds immediately at designated retailers.
• The policy complements the traditional departure VAT refund system.
• Refunds apply to self-use goods purchased by non-residents who have stayed in China for less than 183 days.
• Goods must be purchased within 90 days before departure and carried out of the country.
• Minimum purchase threshold is RMB 200.
• Refund rates are 11 percent for 13 percent VAT items and 8 percent for 9 percent VAT items.
• Refunds can be received in cash or via bank transfer.
• Travelers must pass customs inspection for identity and goods verification.
• Retailer qualifications have been relaxed and approval times shortened.
• The policy aims to boost inbound consumption and enhance the visitor experience.

Source: china-briefing.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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