Tax refund for foreigners shopping in Beijing and Shanghai

Beijing and Shanghai, two municipalities directly under the Central Government, joined the list of overseas tax refund cities for overseas tourists, becoming the first batch of cities in the country to implement the tax refund policy. It will be officially implemented from July 1.

On June 29th, Peng Mei News learned from the Shanghai government press conference that 27 Shanghai and 80 more tax-refunding designated stores entered the first batch of lists, located in downtown commercial districts, tourist shopping areas, and foreign-related residential commercial communities.

Tax refund can be transferred or cash within 10,000 yuan

The General Administration of Customs issued a notice on June 29 stating that since July 1, 2015, Beijing and Shanghai have implemented a tax refund policy for overseas travellers departing from shopping.

The applicable tax refund policy refers to foreigners and compatriots from Hong Kong, Macao and Taiwan who have lived in China for less than 183 consecutive days (referred to as foreign travellers). The main procedures for overseas travellers to apply for tax refunds are : tax refunds for shop purchases, customs inspection Check and confirm the tax refund items, and the agency handles the tax refund.

The specific scope of tax refund items is mainly clarified in the form of a negative list. The following items are not eligible for tax refunds: Prohibited and restricted exit items listed in the People s Republic of China Prohibited and Restricted Entry and Exit Items List ; items sold in tax refund stores that are subject to VAT exemption policies; Other items specified by the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation.

Foreign tourists applying for shopping departure tax refund must meet the following requirements: The amount of tax refund items purchased by the same overseas passenger on the same day at the same tax refund store reaches 500 yuan, and an application form and a general value-added tax invoice for the departure tax refund for overseas tourists for shopping shall be requested; at the designated departure port Departure formalities, before the departure of the tax refund items have not been activated or consumed; the departure date is less than 90 days from the date of purchase of the tax refund items, the purchased tax refund items should be carried by the overseas passengers themselves or checked out; the purchased tax refund items are subject to customs inspection Check and sign the tax refund application form; handle tax refund at the designated tax refund agency.

The tax refund currency is RMB, and the tax refund rate for tax refund items is 11%. Tax refund methods include cash refund and bank transfer tax refund. If the tax refund amount does not exceed 10,000 yuan, you can choose the tax refund method yourself; if the tax refund amount exceeds 10,000 yuan, the bank transfer is used to refund the tax.

2727 tax-free shops in Shanghai including gold shops, department stores, etc.

The surging news reporter learned that the first batch of tax refund ports in Shanghai this time were Pudong International Airport and Hongqiao International Airport. In the future, we will gradually promote tax refunds by land and sea ports according to conditions. Tax refund for departure , said Wu Xingbao, deputy director of Shanghai Commercial Affairs.

Different from Hainan s outlying island tax rebate policy, this time the Beijing and Shanghai s outbound tax rebate policy is only for overseas tourists. Therefore, the choice of tax refund shopping stores is also biased towards the preferences of overseas tourists. Arts and crafts, souvenirs, silk, clothing, tea, etc. are important objects for foreign tourists to shop, and we also noticed this when we selected merchants. Said Jing Ying, deputy director of the Shanghai Tourism Bureau.

The surging news saw on the official Weibo @ 上海 post of the Shanghai Municipal Government Information Office that Shanghai s first batch of 27 designated tax refund shops were mainly located in Nanjing Road, Huaihai Road, Yuyuan Garden, and Xujiahui. For example, Nanjing East Road 100, Lao Fengxiang, Nanjing West Road, Martha Department Store, Yuyuan Mall Tianyu Building, Huabao Building, Xujiahui Oriental Commercial Building, Pacific Department Store, Tianzifang s Shoubai Culture, etc. There are not only state-owned stores, but also private, Sino-foreign joint venture stores. Some old Chinese names. Wu Xingbao said.

I More than 80 designated tax refund shops in Beijing are also concentrated in shopping malls, commercial streets in central urban areas, and shopping malls frequented by foreign tourists.

The surging news reporter learned that in the future, Beijing and Shanghai will adjust and increase tax refund designated stores according to the flow of customers.

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