China rolls out ‘refund-upon-purchase’ tax policy nationwide for foreign tourists

China rolls out ‘refund-upon-purchase’ tax policy nationwide for foreign tourists

China officially launched the nationwide rollout of a new tax refund policy for foreign tourists. According to the State Taxation Administration (STA), the reform replaces the traditional “refund-upon-departure” model with a more streamlined a “refund-upon-purchase” mechanism, Xinhua reported.