Overseas tourist tax refund expands to Hangzhou
Rainbow Shopping Center at 108 Xintang Road, Jianggan district, Hangzhou [Photo/IC]
The first group of trade companies in Hangzhou, capital of East China's Zhejiang province, started implementing a departure tax refund scheme on July 1.
Twenty-eight companies were included on the list, including Intime Department Store, Hangzhou Tower Shopping City and Lixing Group.
According to the departure tax refund scheme, foreign visitors will receive a value added tax (VAT) refund for products they buy at tax refund stores when they depart from the port of departure.
A representative at the Hangzhou commerce authority said that implementing the departure tax refund scheme will propel Hangzhou to become an international consumer hub.
Since 2015, the local authorities in Hangzhou have been making continuous efforts to put the scheme into practice in the city.
The local commerce authorities revealed that they aim to set up 100 departure tax refund stores before the year's end.
Overseas visitors who have lived on the Chinese mainland for no more than 183 days are eligible for an 11 percent VAT rebate on consumer goods purchased at designated department stores.
The minimum purchase is 500 yuan ($71) at any single store on a single day. The refund is valid when the purchase is made within 90 days before departure and the products remain unused upon departure.
The first group of stores implementing the tax refund scheme are as follows:
Shangcheng district
Hangzhou Lixing Group
Hangzhou Jiebai Group
Hangzhou Shidai Yijia Meiyue Department Store Co Ltd
Hangzhou Gonglian Tower Co Ltd
Hangzhou Baisixiang Trade Co Ltd
Hangzhou Second Branch of Hermes (Shanghai) Trade Co Ltd
Hangzhou Branch of Giada
Hangzhou Dongpolu Branch of Jimmy Choo (Shanghai) Trading Co
Hangzhou Shangcheng Branch of Victoria Secret
Hangzhou Branch of Chrome Hearts (Beijing)
Louis Vuitton (China)
Hangzhou New Hubin Commercial Development Co Ltd
Hangzhou Hubin International Commercial Development Co Ltd
Hangzhou Xinlongxiang Commercial Development Co
Maoyuanchang Glass Co Ltd
Hangzhou Yinxi Department Store Co Ltd
Xiacheng district
Zhejiang Intime Department Store
Hangzhou Yinyao Department Store
Hangzhou Tower
Zhejiang GDA Group
Baida Group
Hangzhou Fourth Branch of Xiaomi Fans Club
Jianggan district
Hangzhou Intime Century Department Store
Hangzhou Wensly Silk Culture Co Ltd
Hangzhou Sasseur Group
Hangzhou Second Branch of Xiaomi Fans Club
Gongshu district
Hangzhou Tower Commercial Retail Co Ltd
Xihu district
Zhejiang Meicheng Digital Technology Group