China’s 2025 VAT Refund Policy: A Game-Changer for Foreign Tourists

In a significant move to boost inbound tourism and consumer spending, China has overhauled its Value-Added Tax VAT refund policy for foreign visitors. Effective April 8, 2025, the new “refund-upon-purchase” system allows eligible tourists to receive immediate VAT refunds at designated tax-free stores, eliminating the previous requirement of claiming refunds upon departure. Key Highlights of […]