随着中国不断提高对外开放水平，免签"朋友圈"持续扩容，离境退税政策不断优化，境外旅客"中国 游""中国购"的热度与日俱增。 中国自2015年起全面推行离境退税政策，相关政策措施不断推陈出新。今年4月，商务部等6部门发布 《关于进一步优化离境退税政策扩大入境消费的通知》，通过"将离境退税起退点从500元下调至200 元""将现金退税限额由1万元上调至2万元"等政策举措，推动退税商店增量扩容、丰富退税商品供给、 提升离境退税服务水平，成效显著。 今年1—9月，办理离境退税的境外旅客人数同比增长229.8%，退税金额同比增长97.4%……这些数据展 现出优化离境退税政策激发的入境消费活力。"退税很方便""'即买即退'政策很贴心""下次再来，我要多 带几个空箱子"……一句句赞誉反映了境外旅客在华购物消费的心声。 中共二十届四中全会审议通过的"十五五"规划建议明确提出，"建设强大国内市场，加快构建新发展格 局""大力提振消费""培育国际消费中心城市，拓展入境消费"。优化离境退税政策、激发入境消费活 力，正是建设强大国内市场、加快构建新发展格局的生动实践，必将更好地服务高水平对外开放。 进一步优化离境退税政策，有利于提高 ...

Core Insights - The number of outbound travelers in Chongqing who processed tax refunds increased by 518% year-on-year in the first three quarters of this year, with the actual tax refund amount growing nearly fivefold [1][3]. Group 1: Tax Refund Policy - The outbound tax refund policy allows foreign travelers to receive a refund of value-added tax (VAT) on goods purchased at tax refund stores when leaving the country [1]. - Chongqing will pilot the "buy and refund immediately" tax refund policy starting in 2024 [1]. Group 2: Growth of Tax Refund Stores - As of the end of October this year, the total number of tax refund stores in Chongqing has increased to 258, including 50 "buy and refund immediately" stores [3]. - The new tax refund stores feature a wider variety of products, including local specialties and high-tech electronic products, enhancing the shopping experience for foreign travelers [3]. Group 3: Convenience Measures - Since August, Chongqing's tax authority has established centralized refund points in key shopping districts, upgrading the previous single-store refund model to a centralized refund model [4]. - Foreign travelers can process tax refunds at these centralized points after shopping at any tax refund store, making the process more convenient and efficient [4].

Group 1 - The Shanghai Municipal Commission of Commerce and six other departments have jointly developed the "Shanghai Action Plan for Optimizing the Departure Tax Refund Consumption Environment (2025-2027)" to establish Shanghai as a benchmark city for departure tax refunds with a well-structured network of outlets, diverse product offerings, and excellent customer service [1] - By 2027, the plan aims to have over 3,000 departure tax refund stores and more than 10,000 outlets, with over 80% of stores offering "buy and refund" services and over 80% of commercial hubs having centralized refund service points [1] - The departure tax refund consumption scale is expected to quadruple compared to 2024, with the share of domestic brand tax refund sales increasing to over 30% [1] Group 2 - The plan includes increasing the supply of high-quality domestic brand products, such as time-honored brands, smart products, intangible cultural heritage products, and sports goods [2] - The convenience of departure tax refunds will be enhanced by installing smart terminals, expanding refund channels, and introducing verification convenience measures [2] - The action plan specifies that foreign travelers can apply for departure tax refunds if they purchase tax refund items worth 200 yuan in the same store on the same day, with the cash refund limit for "buy and refund" raised to 20,000 yuan [2]

Core Viewpoint - The optimization of the "departure tax refund" policy in China aims to enhance the shopping experience for foreign tourists, thereby stimulating inbound consumption and promoting cultural exchange [2][6]. Policy Implementation - The Chinese government has implemented a series of measures to facilitate inbound tourism, including visa exemptions for 38 countries and extended transit visa policies for 54 countries [2]. - The "departure tax refund" policy has been in place since 2015, and its optimization coincides with its 10th anniversary [2][6]. Economic Impact - In 2024, China is expected to receive 26.94 million foreign tourists, a 96% increase year-on-year, with total spending reaching $94.2 billion, up 77.8% [2]. - The share of inbound tourist spending in China's GDP is projected to be about 0.5% by 2024, compared to 1% to 3% in major countries, indicating significant growth potential [6]. Tax Refund Details - The tax refund rate is set at 11%, allowing foreign tourists to receive up to 1,100 RMB for every 10,000 RMB spent, although actual refunds are typically around 900 RMB after fees [3]. - The number of foreign tourists benefiting from the tax refund has been increasing, with significant growth reported in various regions [4][7]. Policy Optimization Measures - The new policy aims to address issues such as the limited number of tax refund stores and the lack of diverse shopping options for foreign tourists [8][9]. - The minimum purchase amount for tax refunds has been lowered from 500 RMB to 200 RMB, making it easier for more shops, including local specialty stores, to participate [10][11]. Simplification of Processes - The tax refund process has been streamlined, allowing for immediate refunds at the point of sale and increasing the cash refund limit from 10,000 RMB to 20,000 RMB [12][13]. - The tax authority has improved the efficiency of the tax refund management system, reducing wait times for tourists [13].

Core Viewpoint - The recent optimization of the departure tax refund policy aims to stimulate inbound consumption by lowering the threshold for tax refunds and enhancing the shopping experience for foreign travelers [1][10]. Policy Changes - The threshold for departure tax refunds has been reduced from 500 yuan to 200 yuan, allowing more travelers to benefit from the policy [2][6]. - The cash refund limit has been increased from 10,000 yuan to 20,000 yuan, while other refund methods have no limit, making it easier for travelers to claim refunds [8][9]. Market Impact - The policy is expected to enhance the shopping experience for foreign travelers by providing a wider range of shopping options and improving the quality of tax refund services [3][10]. - The reduction in the refund threshold is anticipated to attract more specialty shops and souvenir stores into the tax refund program, thereby promoting domestic product sales [7][10]. Economic Significance - In 2024, inbound traveler spending is projected to account for approximately 0.5% of China's GDP, indicating significant growth potential compared to 1% to 3% in major countries [11]. - The departure tax refund policy is seen as a crucial strategy to lower shopping costs for foreign travelers, thereby attracting more visitors and boosting overall consumption [11].

Core Viewpoint - The Chinese government has introduced new measures to optimize the departure tax refund policy, aiming to enhance inbound consumption and attract more foreign tourists, with significant potential for growth in this sector [1][2]. Group 1: Policy Optimization - The new policy addresses issues such as the limited number of tax refund stores, lack of product variety, and the need for improved convenience in the tax refund process [2][3]. - Eight policy measures have been proposed to expand the number of tax refund stores, increase the variety of products available for tax refund, and enhance the service quality of the tax refund process [2][3]. Group 2: Key Highlights - The policy includes three main highlights: expanding the number of stores, increasing product offerings, and improving service convenience for foreign travelers [3][4]. - The minimum purchase amount for tax refunds has been reduced from 500 RMB to 200 RMB, making it easier for more stores, including those selling local specialties and souvenirs, to participate in the tax refund program [3][4]. Group 3: Service Improvements - The cash refund limit has been raised from 10,000 RMB to 20,000 RMB, allowing travelers to receive larger refunds [4][5]. - The "immediate refund" service has been expanded nationwide, enabling travelers to receive their tax refunds at the point of purchase rather than at the departure point, enhancing the shopping experience [5][6]. Group 4: Impact on Domestic Products - The policy aims to increase the representation of domestic products in tax refund stores, encouraging more local brands to participate and enhancing the shopping options for foreign travelers [6]. - The government plans to promote high-quality domestic products, including cultural and creative items, traditional handicrafts, and popular local goods, to attract foreign tourists [6].