CRI听力:Overseas Tourists to Get Tax Refund in China

China Launches Tax Refund Scheme to Attract Overseas Tourists 

The Ministry of Finance has announced the preferential policy to offer overseas tourists a rebate of 11-percent on consumer goods purchased at designated stores.

Foreign tourists and those from Hong Kong, Macao and Taiwan who visited the Chinese mainland for no more than 183 days can now enjoy the benefit.

The minimum purchase for a tax refund is 500 yuan, or about 82 US dollars.

The refund will be paid in Renminbi and can be transferred to the buyer's bank account.

Zhao Ping, a senior researcher of consumption economy with the Ministry of Commerce, says the plan is designed to boost the domestic economy.

"In regard to expanding consumption, we should not only rely on domestic consumers. The tax rebate is aimed at attracting more overseas tourists and encouraging them to spend more money in China. Also, the policy is a very international and standardized practice. I think China as a big economy, it is a must-be choice when our economic development and internationalization have reached a certain level."

Saleem, a tourist from Pakistan, backs the idea.

"I heard that the Chinese government is planning to launch the tax rebate scheme. I believe it would be very attractive to Pakistanis. I think Pakistani tourists would be very interested in the fast-moving consumer goods such as China's electronic products and clothes, especially children's apparels. I believe there will be more Pakistanis travel to China once the scheme is put into effect."

China first introduced a pilot tax refund program on the island province of Hainan in 2011.

Now, the program will be applied nationwide.

Zhao Ping estimates it will take six to 12 months for the new policy to reach the public.

Meantime, more compatible policies are needed to keep up the pace.

Customs, banks, business entities, and foreign exchange management agencies are involved in the tax-refund program.

For CRI, I am Qizhi.