Beijing to launch tax refund scheme in 2015
Updated: 2015-04-25 16:09
(Xinhua)
|
||||||||
BEIJING - Overseas visitors will be able to claim tax refunds on purchases made in Beijing starting in 2015 in a move to boost tourism and consumption in the city.
The Beijing Municipal Commission of Tourism Development is discussing the details with revenue authorities, and the tax refund scheme is expected to be implemented this year, Beijing vice mayor Chen Hong announced earlier this week.
According to the plan, foreign tourists and those from China's Hong Kong, Macao and Taiwan who have stayed on the Chinese mainland for no more than 183 days may receive a rebate of 11 percent on consumer goods purchased at designated department stores.
The minimum purchase for a tax refund is 500 yuan (about $82) at any one store in one day.
China started a pilot tax refund program in the southern island province of Hainan on Jan 1, 2011.
The Ministry of Finance (MOF) announced in January that China will expand the tax refund program to spur inbound trips and boost exports of China-made commodities.
- Are you prepared to welcome the second royal baby?
- Spain recalls Venezuelan ambassador over Maduro conspiracy comments
- Anniversary of Armenian massacre marked
- DPRK to establish 2nd intl tourist zone
- Parade rehearsal held for Victory over Fascism in Russia
- Kim likely to visit Russia in May for war victory ceremony
Stunts, Parkour, Action!
City starting to close gap with world fashion capitals
Across America over the week (from April 17 to 23)
Honored for community work
5th Beijing International Film Festival closes
Top 10 auto lookalikes in China
Flights cancelled as ash cloud pours from Chile volcano
Unusual but true: Kung fu girl stuns TV show judges
Most Viewed
Editor's Picks
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
Today's Top News
Ho Feng Shan: A man of compassion, courage
The real Apple Watch goes on sale Friday in China, US
China looks to top the bill in Hollywood productions
Panda to be inseminated via China
Chinese mourn passing of US officer
Sino-US nuclear cooperation proposal lauded
Furious 7 on track to be tops in China
As PayPal split looms, eBay plans to think small
US Weekly
![]()
|
![]()
|