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Shanghai ranks first for tax refunds among Chinese cities

2016-July-20       Source: Chinadaily.com.cn

Shanghai has ranked top among Chinese cities for the most duty free tax refunds, processing 4,071 rebates, accounting for 10 million yuan ($1.5 million) for overseas travellers in the first half of the year, according to Pudong Times.

A tax free stores in Pudong New Area, Shanghai.[Photo/ Pudong Times]

Shanghai has ranked top among Chinese cities for the most duty free tax refunds, processing 4,071 rebates, accounting for 10 million yuan ($1.5 million) for overseas travellers in the first half of the year, according to Pudong Times.

In the past year the city has sought to promote tax refunds for overseas travellers, who often visit the city for shopping as well as sightseeing. A more efficient system for applying for refunds has been put in place allowing tourists to get tax refunds more easily.

The city's Pudong New Area has 34 stores which have qualified for the policy. An executive at Pudong's Louis Vuitton store said that the tax refund policy has helped boost product sales.

Shanghai launched its tax refund policy on July 1, 2015, enabling overseas tourists, as well as those from Hong Kong, Macau and Taiwan, who have lived on the Chinese mainland for no more than 183 days, to get an 11 percent rebate on consumer goods bought at designated stores. The minimum purchase to obtain a tax refund is 500 yuan at any one store in a day.

Local officials say that they will do more to provide tourists with better and more convenient tax refund services in the future, such as adding more ports and stores eligible for handling tax refunds.

Editor: Monica Liu

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