Core Insights - The Shanghai Taxation Bureau reported that by the first half of 2025, over 63,000 travelers from 167 countries (regions) have received tax refunds, with nearly 90,000 application forms issued, and the "buy and refund" sales increased 28 times compared to the same period in 2024 [1][3] Group 1: Policy Impact - The departure tax refund policy has evolved from a pilot program initiated in July 2015 to a comprehensive city-wide initiative, significantly contributing to Shanghai's high-level opening-up and promoting the "dual circulation" development strategy [1] - The number of tax refund stores has grown from 27 to over 1,400, creating a dense network of tax refund services that includes traditional Chinese brands, local specialties, and international high-end brands [3][4] Group 2: Business Growth - The tax refund policy has attracted international customers, providing tangible benefits to traditional department stores facing online competition, thereby enhancing their market presence [3] - The "buy and refund" model has been particularly successful in locations like Qingpu Outlet, with a reported 126.7% increase in tax refunds and a 72% increase in consumption amounting to 18.66 million yuan [4] Group 3: Future Developments - The Shanghai Taxation Bureau aims to continue expanding the effects of the departure tax refund policy, positioning itself as a leader and model for replication across the country [4]
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Sou Hu Cai Jing·2025-07-04 18:10