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Official hints of tax refund for foreign shoppers
Overseas tourists who spend 500 yuan (US$80) or more at designated shops in Shanghai could qualify for a tax refund starting later this year, a top official with the Shanghai Tourism Administration said today.
The proposed refund will be 11 percent of the spent amount and authorities have already started working with local shops, said Yang Jinsong, director of the administration.
The shops will be at scenic spots and engage in trades popular with overseas tourists, Yang said.
In August last year, the State Council issued guidelines to promote tourism industry reforms. These guidelines called for the nationwide expansion of a tax refund scheme first trailed in south China's Hainan Province.
Foreign citizens and visitors from Hong Kong, Macau and Taiwan who remain in China for no more than 183 consecutive days and whose purchases reach a certain amount at designated stores will be eligible for the refund if they leave China within 90 days after buying the goods, according to the guidelines.
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