Core Insights - Beijing has launched a new model for tax refunds for international travelers, allowing immediate refunds at designated bank branches, marking a first in the country [1][4] - The initiative aims to enhance the travel and shopping experience for foreign visitors, with a focus on convenience and efficiency in tax refund processes [2][3] Group 1: Service Implementation - Two branches of Bank of China in Beijing have been designated as "immediate refund" points for tax refunds, located in popular shopping areas [1] - Travelers can choose to receive refunds in cash or through electronic payment methods, enhancing service accessibility [2] - Currently, there are five designated refund points across Beijing, allowing travelers to process refunds from over 1,500 participating stores [2] Group 2: Service Expansion and Impact - The tax refund service has seen significant growth since its launch, with nearly 400 transactions processed for travelers from 44 countries, resulting in a substantial increase in sales and refund amounts [2][3] - The service limits have been raised, allowing refunds up to 220,000 yuan and extending the refund period to 28 days, which facilitates cross-regional tax refund processing [3] - The initiative has contributed to a 246% year-on-year increase in tax refund transactions and a 100% increase in sales of refundable goods since 2025 [3] Group 3: Future Developments - The Beijing tax authority plans to monitor the effectiveness of the new refund points and gather feedback to continuously improve the service [4] - There are intentions to expand the number of refund points to further enhance the convenience for international travelers [4]
北京首创银行网点办理离境退税“即买即退” 今年以来离境退税业务量同比增长246%