The State Administration of Taxation issued a notice on the 8th to clearly stipulate the main content, processing process and implementation time of the “buy and refund” departure tax refund, and to promote this service measure from pilot in many places to the whole country. According to the announcement, overseas travelers can receive the same amount of tax refunds on site after purchasing tax refund items at “buy now and refund” stores after applying for credit card pre-authorization. When the passenger leaves the country, customs verifies the passenger's identity and tax refund items. After the tax refund agency reviews that the shopping tax refund information is correct, the credit card pre-authorization guarantee is immediately cancelled and the departure tax refund is settled. The announcement made it clear that tax refund stores that are willing to provide a “buy now and refund” service can become a “buy now, refund” store after agreement with the local tax refund agency. Li Xuhong, vice dean and professor at the Beijing National Accounting Institute, believes that promoting this service initiative throughout the country will not only help improve the service level of China's tourism industry, create a “friendly, efficient, and convenient” travel environment, but also further stimulate the vitality of overseas travelers entering and spending, and provide support for high-quality economic development.

Zhitongcaijing · 04/08 12:01
The State Administration of Taxation issued a notice on the 8th to clearly stipulate the main content, processing process and implementation time of the “buy and refund” departure tax refund, and to promote this service measure from pilot in many places to the whole country. According to the announcement, overseas travelers can receive the same amount of tax refunds on site after purchasing tax refund items at “buy now and refund” stores after applying for credit card pre-authorization. When the passenger leaves the country, customs verifies the passenger's identity and tax refund items. After the tax refund agency reviews that the shopping tax refund information is correct, the credit card pre-authorization guarantee is immediately cancelled and the departure tax refund is settled. The announcement made it clear that tax refund stores that are willing to provide a “buy now and refund” service can become a “buy now, refund” store after agreement with the local tax refund agency. Li Xuhong, vice dean and professor at the Beijing National Accounting Institute, believes that promoting this service initiative throughout the country will not only help improve the service level of China's tourism industry, create a “friendly, efficient, and convenient” travel environment, but also further stimulate the vitality of overseas travelers entering and spending, and provide support for high-quality economic development.