Home » Travel retail: China eases tax refunds to boost G.D.P. Travel retail: China eases tax refunds to boost G.D.P. At the end of April, Beijing lowered the tax refund threshold for foreign tourists and made immediate in-store refunds available across the country. China hopes this will attract more shoppers and increase travel retail sales as a share of G.D.P. Through Morgane Monteiro. Published on 12 May 2025 à 10h08 - Update on 12 May 2025 à 18h49 Resources Eager to encourage duty-free sales, the Chinese government announced on April 27 a relaxation of the VAT refund policy for foreign tourists. These can now obtain an immediate refund in stores throughout the country, without having to wait until they leave.… Morgane Monteiro duty freeEconomy and regulatorsregulatoryreimbursementtravel retailVAT Read more Duty-free purchases by Chinese on the rise again worldwide, but especially in Asia Travel retail: China wants South-East Asia to become a visa-free zone China: Cosmetics, luxury goods and fashion collapsed in 2024 Faced with the downturn in Asia, Kering's sales fell by 12% and LVMH by 2% China and India don't have enough luxury, says Savills
