Inbound tourism continues to heat up, departure tax rebate policy stimulates consumer enthusiasm

2024-10-05

Watching giant pandas, eating hot pot, and exploring narrow alleys... With the expansion of the visa free policy for short-term visits to China, many foreign tourists have come to "take a walk on the streets of Chengdu" during this National Day holiday. What makes overseas tourists feel more convenient is the "buy and refund" policy for outbound tax refunds. In early September, the list of the first batch of "buy and refund" shops for departure tax refunds in Chengdu was announced, with the first batch of 38 "buy and refund" shops gathering in the Chunxi Road commercial district. At Chengdu IFS, eligible overseas tourists can directly go to the centralized refund point of the mall to apply for tax refund after spending at all the tax refund stores in the mall, holding the shopping receipt and tax refund application form. They can process the tax refund on the spot and continue to make secondary purchases with cash. More than 110 policies and measures to facilitate foreign nationals coming to China, continuously optimizing visa free entry, visa free transit, and port visa policies... With a series of policies and measures to facilitate foreign nationals coming to China, the popularity of "China tourism" among overseas tourists continues to rise. Data shows that in the first seven months of this year, 17.254 million foreigners entered the country at all ports, up 129.9% year on year. With the continuous increase in the number of inbound tourists, the consumption enthusiasm of overseas tourists is also heating up. From the tax data of the first 8 months of this year, the amount of tax refunds for overseas tourists' shopping departure has increased by 1.5 times year-on-year. During this process, China's tax authorities have continuously optimized the measures for outbound tax refund services, further improving the convenience of outbound tax refund services for overseas tourists and attracting more overseas tourists to "buy" them. Departure tax refund refers to the process in which overseas travelers purchase tax refund products at the departure tax refund store, issue invoices and refund application forms in accordance with regulations, and refund the corresponding taxes upon departure at the port of departure. As the only wide area commercial district on the central axis of Beijing, Qianmen commercial district has a profound historical accumulation, outstanding location advantages, and rich business categories. Since the implementation of the departure tax rebate policy, the sales volume of departure tax rebates in the commercial district has continued to rise. On September 24th, seven companies located in the Qianmen commercial district were awarded the "Exit Tax Refund Store" label by the tax department. The reporter learned that the approved enterprises this time include both long-standing "old brands" and "new brands" covering sports goods and cultural products. The relevant enterprise leaders said that this has added consumer power to the National Day Golden Week. Shenzhen piloted the "buy and return" convenience measure in December last year, igniting the consumption enthusiasm of overseas tourists with real money and benefits. It is reported that compared to the traditional method of processing tax refunds at the departure port, the biggest feature and advantage of "buy and refund" is that overseas tourists can collect the tax refund at the shopping site of the pilot store. On the one hand, it can improve the shopping efficiency and experience of tourists, and on the other hand, it is also convenient for tourists to make secondary purchases. Industry experts believe that the implementation of the outbound tax rebate policy provides overseas tourists with a more convenient and affordable shopping experience, further stimulating their consumption enthusiasm and helping to promote the prosperity of the domestic consumer market. (New Society)

Edit:Lubaikang    Responsible editor:Chenze

Source:paper.people.com.cn

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