China has introduced measures to optimize the departure tax refund policy and expand inbound consumption, lowering the threshold for departure tax refunds.
The Ministry of Commerce of China's official website announced on the 27th that overseas travelers who purchase tax refund items at the same store on the same day amounting to 200 RMB (120 MYR), and meet other relevant requirements, can apply for a departure tax refund.
In addition, the cash refund limit has also been raised to 20,000 RMB (12,000 MYR).
According to the announcement released by the Ministry of Finance of China in 2015 regarding the implementation of the departure tax refund policy for overseas travelers, the tax refund amount for overseas travelers should reach 500 RMB (300 MYR) at the same tax refund store on the same day.
Moreover, the refund methods include cash refund and bank transfer refund. If the refund amount does not exceed 10,000 RMB (6,000 MYR), travelers can choose the refund method themselves. If the refund amount exceeds 10,000 RMB, it will be refunded via bank transfer.
The notice also encourages various regions to set up more tax refund stores in large commercial areas, pedestrian streets, tourist attractions, resorts, cultural and museum venues, airports, passenger ports, hotels, etc., to expand the coverage of tax refund stores.