Shanghai Tax Department Issued New Rules And New Deal To Encourage Exports Of Personal Consumption

The Ministry of finance, in the latest announcement on the implementation of the tax refund policy for foreign tourists shopping, said that the Ministry of finance, the General Administration of customs and the State Administration of Taxation began to accept the filing of eligible areas.

Reporters learned from the tax department of Shanghai yesterday that the city is still waiting for the relevant state departments to issue the management rules of this policy, and the detailed rules for the implementation of the regulations will be formulated to enter the operational stage.

Reporters from the city tourism development leading group working conference was informed that Shanghai is expected to become the first batch of cities in the country (except Hainan) to implement the tax rebate exit City, has begun to choose tax refund agencies and designated stores, but the specific implementation is yet to be approved by the state.

The so-called tax refund policy for foreign tourists shopping refers to the policy of refund of value-added tax to rebates purchased by tax refund stores when foreign tourists leave the port.

Since January 1, 2011, China has been the first to launch a pilot tax rebate policy in Hainan.

In August last year, a number of opinions issued by the State Council on promoting the reform and development of the tourism industry put forward the idea of expanding the consumption of tourism and shopping, and studying and improving the tax refund policy for overseas passengers shopping, so as to extend the scope of implementation to eligible areas throughout the country.

The new tax rebate policy is a nationwide promotion in Hainan and an upgraded version of the policy.

Compared with the pilot policy, the new deal highlights three bright spots.

First, the scope of departure ports has been expanded, and port and land ports have been added on the basis of air ports. At the same time, the pilot sites in Hainan have been extended to the whole country. Two, the scope of tax rebate articles has been expanded, and the positive listing method in Hainan has been adjusted to the "negative list" mode, which ranges from 21 items to all items except prohibited, restricted exit and value-added tax exemption articles. Three, the starting point of refund is reduced.

Under the same conditions, the same overseas traveller purchased the same tax refund shop on the same day.

If the amount reaches 500 yuan, tax rebates can be applied and the tax rebate rate will be 11%.

Dean, School of public policy and governance, Shanghai University of Finance and Economics

Consider

Reduce the cost of shopping and encourage foreigners to travel to China.

But stimulating consumption is only one, and more importantly, the implementation of this tax policy, from the export tax rebate to personal consumption tax rebate, encourages the export of personal consumption, which is a boost to the weakness of our current export.

According to customs statistics, China exported 14 trillion and 390 billion yuan in 2014, an increase of 4.9% over the same period last year, which is much less than 7.9% in 2013.

According to the latest statistics from the National Tourism Administration, 128 million people entered the country in 2014, down 1%.

Although this new deal is good for the whole nation, it seems to Hu Yijian that Shanghai, as an international metropolis, is also a tourist distributing center. There are more and more people in Shanghai, and the benefits will be wider.

Many tourists believe that the "departure tax rebate" has a direct positive impact on Shanghai's local tourism and retailing industry.

"At present, the consumption of inbound tourists in China is mainly concentrated in accommodation and pportation, and shopping consumption is relatively small. After the relevant tax rebate policy is promulgated, it is expected to further stimulate the consumption level of overseas people in China."

Lou Jiajun, director of the Tourism Department of East China Normal University and director of leisure research center, analyzed that the National Convention and Exhibition Center had already opened the door to greet guests. The Disney project in Shanghai is in progress. Shanghai will usher in the overcrowded passenger flow of holiday leisure and business meetings in the future.

Lou Jijun also pointed out that to build Shanghai into an international tourist destination, a fashionable shopping destination, a leisure holiday destination and an international tourist hub, and build a world-famous tourist city, the "departure tax rebate" will become a supporting policy.

A number of online travel agencies said that the "departure tax rebate" will stimulate inbound tourism, which may change the single situation of Chinese tourists keen on overseas "spree" and encourage foreign tourists to come to China for consumption.