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China lowers minimum amount for tax refunds for tourists to boost spending

  • China has announced a lower threshold for tax refunds for foreign tourists, allowing refunds for purchases of at least 200 yuan starting Saturday, according to a joint statement by the Ministry of Commerce and other authorities.
  • The upper limit for cash refunds has been raised to 20,000 yuan, alongside plans to expand the number of tax refund shops and streamline procedures.
  • Sheng Qiuping, Vice Minister of Commerce, stated that inbound tourist consumption accounted for about 0.5% of China’s GDP in 2024, indicating significant growth potential.
  • The government aims to improve tax refund services and expand tax refund stores to enhance the shopping experience for overseas travelers.
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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.

·United States
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Portfolio.hu broke the news in on Sunday, April 27, 2025.
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