Guangzhou Launches Departure Tax Refund Policy since July 1,2016
Since July 1, 2016, Guangzhou formally implements the policy of departure tax refund scheme of overseas visitors. Currently, many developed countries like the U.S., the EU, Japan, and Korea have established departure tax refund policy.
- (1888PressRelease) March 21, 2017 - The implementation of departure tax refund policy is an important step to keep up with international standards and develop tourism economy and optimize industrial structure for Guangzhou.
Guangzhou always maintains prosperous commerce and tourism with rich historical and cultural tourism resources. Its famous metropolitan commercial districts include Beijing Road, Shangxiajiu, Tianhe Road, and so on，some of which are located in historical and cultural tourist area. The implementation of departure tax refund policy will attract more visitors to consume in Guangzhou and promote the development of traditional goods with characteristics, related industries like commerce and tourism, and "two-way consumption" of inbound and outbound tourism.
In 2015, the number of foreigners and compatriots from Hong Kong, Macao, and Taiwan who came to Baiyun International Airport had reached 2.2 million. The implementation of departure tax refund policy in Guangzhou will further increase the aggregated amount of people via Guangzhou Baiyun International Airport and FTA Nansha Ferry Terminal, optimize the facilities and services environment of entry and exit ports, promote Guangzhou Airport Economic Zone and the building of international shipping center, accelerate the integration into "One Belt One Road" Initiative, and build a new pattern of free trade pilot area and global comprehensive aviation hub so as to establish a good and open image of Guangzhou, strengthen international popularity and reputation, as well as enhance the competitiveness of inbound tourism.
Guangzhou Baiyun International Airport and Guangzhou Nansha Ferry Terminal Port are among the first group of ports to implement departure tax refund policy in Guangzhou. The first group of 17 merchants which implement tax refund has been filed, including Guangzhou Friendship Store, Guangzhou Grandby Co., Ltd., Beijing Road Branch, Guangzhou Mopark Department Store Co., Ltd., Beijing Road Branch, etc. Agricultural Bank of China, Guangdong Branch has been selected as the tax refund agency by Guangdong Provincial Office, SAT, Department of Finance of Guangdong Province and Guangdong Customs.
Departure tax refund for overseas visitors means that overseas visitors can have VAT refund for refunded goods purchased from tax free shops at departure ports. People who benefit from tax refund include foreigners and compatriots from Hong Kong, Macao, and Taiwan who stay in China for no more than 183 consecutive days and whose refunded goods bought at the same tax free shops on the same day reach RMB 500 (no later than 90 days after the date shown in the invoice), which are not used or consumed, and are carried by the overseas visitors in person or in their luggage.
Next, Guangzhou will closely follow up and assess the effect of the policy, improve tax refund management and service measures, and offer more convenient services to foreign visitors in the aspects of customs clearance and tax refund.
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