US EditionChina lowers minimum amount for tax refunds for tourists to boost spending
- China reduced the minimum spending required for tax refunds for foreign tourists from 500 yuan to 200 yuan, according to a joint statement by the Ministry of Commerce and other authorities.
- The upper limit for cash tax rebates has increased to 20,000 yuan as part of efforts to boost consumption amid economic pressure.
- China’s Vice Minister of Commerce Sheng Qiuping highlighted that tourist spending contributed 0.5% to China's GDP in 2024, indicating growth potential compared to other countries.
- Inbound tourists spent $94.2 billion in the previous year, marking a 77.8% increase.
43 Articles
43 Articles
China lowers minimum amount for tax refunds for tourists
BEIJING, China — China announced a lower threshold for tax refunds for foreign tourists among a series of policies on Sunday to boost consumption as its economy comes under pressure during a trade war between Beijing and Washington. Travelers can apply for a tax refund if they spend 200 yuan (about $27) at the same
Minimum purchase value so that a foreign passenger can apply for tax refund in the same store on the same day will be reduced by 500 yuans for 200 yuans
China lowers threshold for tax refund for foreign visitors
China unveiled a set of measures on Sunday to further optimize its departure tax refund policy to better meet overseas tourists' needs and expand inbound consumption. Chinese observers and industry participants said the continued opening up move will elevate China's standing as a global tourist destination and contribute to domestic consumption by giving foreign tourists more benefits.
Associated Press News
China lowers minimum amount for tax refunds for tourists to boost spending
China has lowered the minimum amount tourists spend to get tax refunds as part of measures to boost consumption as its economy comes under pressure during a trade war between Beijing and Washington.
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