‘This trip to China has been an absolute steal,” exclaimed Keiko, a Japanese tourist purchasing cosmetics through Shanghai International Finance Center’s immediate tax refund service. Her experience mirrors a broader trend: Visitors from overseas are flocking to China’s retail scene, lured by its growing shopping convenience.
On April 26, six government agencies, including the Ministry of Commerce, jointly issued the refined departure tax refund policy, slashing the minimum refund threshold from 500 yuan ($69) to 200 yuan ($28), doubling the cash refund limit from 10,000 yuan ($1,376) to 20,000 yuan ($2,752) and encouraging shopping districts, tourist attractions and hotels to increase the number of tax refund stores.
Following pilots in its southern-most Hainan Province since 2011, China has implemented departure tax refunds—an international practice where international travelers reclaim value added…
