China launches instant VAT refunds for foreign tourists

China’s instant VAT refund policy for foreign tourists is a strategic move to invigorate the country’s tourism and retail sectors Effective since 8 April 2025, China’s instant VAT refund initiative allows eligible international visitors to receive VAT refunds directly at the point of purchase, as opposed to claiming refunds upon departure.​ The policy, which was piloted in major tourist destinations like Beijing, Shanghai, and Shenzhen, has now been expanded across…