In the first 4 months, the amount of tax refund applications for departing from various places reached a new high compared to the same period last year.
Tax refund upon departure refers to the refund of value-added tax on goods purchased by overseas travelers when they leave the country. Since 2015, China has fully implemented the policy of tax refund upon departure. With the continuous optimization of the tax refund policy upon departure, the consumption vitality of overseas travelers has been further unleashed. The number of tax refund applications and the amount of applications have significantly increased at major international airports in China. In the first four months of this year, the amount of tax refund applications reached a historically high level. From "touring in China" to "shopping in China," the continuous release of policies such as visa exemptions, tax refunds, and duty-free shopping has optimized the consumption environment and enriched the supply of goods in China. China is accelerating the creation of a new international consumption image and demonstrating a more attractive consumption market.
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