BEIJING: China has broadened a tax refund scheme for overseas visitors to attract tourists and boost domestic consumption. Under the plan, foreign tourists as well as visitors from Hong Kong, Macau and Taiwan who have lived on the mainland for no more than 183 days will be eligible for an 11 percent rebate on consumer goods purchased at designated department stores.
Senior Finance Ministry Researcher China Liu Shangxi said that the expansion of the program will spur inbound trips and boost the export of China-made commodities. The minimum purchase is 500 Yuan at any one store in one day, he said.
