China unveiled a slew of measures to further optimize its departure tax fefund policy, allowing overseas travelers to apply for a refund if they spend at least 200 yuan at the same store on the same day and meet other relevant requirements.
China updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration (STA) said on April 8.
Xiamen has recently introduced a comprehensive set of measures to enhance its foreign investment environment and attract greater foreign capital. The package includes 13 practical measures across three key areas.
The 240-hour visa-free transit policy, which has led to a surge in interest among prospective tourists, is a clear sign of China's continued opening-up and has been included in this year's Government Work Report.
China's convenient mobile payment services have bolstered tourism-related consumption and injected fresh momentum into the country's economic recovery during the Spring Festival holiday.
In response to the 240-hour visa-free transit policy for foreigners, Xiamen has introduced integrated inbound tourism routes for the first time.
