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Shanghai to Offer Tax-Free Shopping to Visitors

Recent reports have asserted that Shanghai will the next Chinese city to offer tax refunds to foreign visitors who purchase goods, joining Hainan Province, which has offered tax refunds to tourists shopping on the Chinese island. If the new policy is approved in Shanghai, visitors will be refunded the 11 percent tax on goods that cost approximately US$80 or more, provided they leave the country within 90 days after the purchase of the goods. The refund would be available on products such as clothing, watches, jewelry, electronics and more. The tax refund is hoped to be an incentive to foreign tourists to China.

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