China Lowers Tourists' Tax Threshold

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tax refund shops

ABC News

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Business

Business & Economics

China lowers minimum amount for tax refunds for tourists to boost spending

Summary

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87% Informative

China lowers minimum amount for tax refunds for foreign tourists to boost spending.

Travelers can apply for a tax refund if they spend 200 yuan ( about $27 ) at the same store on the same day .

Upper limit for tax rebate in cash also has been doubled to 20,000 yuan ($ 2,745 ) China ’s economy expanded at a 5.4% annual pace in January-March , government said.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful