In South Korea, There Is A Real Time Tax Refund For Chinese Shopping.

Data show that in 2014, the number of Chinese tourists to Korea exceeded 6 million, accounting for 43% of all foreign tourists.

Since the beginning of this year, according to the latest report of Daiwa Capital Markets, the consumption of Chinese tourists in Korea has recovered from the downturn of the previous MERS outbreak, and has seen a strong growth.

In October, the total number of Chinese tourists entering Korea reached 650174, an increase of 15.6% compared with the same period last year, and sales of duty-free shops in Korea began to pick up.

In recent years, the theme of Chinese tourists outbound travel is still shopping.

South Korean media Korea Bizwire reported that Chinese tourists flocked to Seoul's duty-free shops and even downed some duty-free shops within two or three hours.

In July this year, in order to stimulate the tourism industry which was shrinking due to MERS, it announced that it would introduce a series of simplified policies on tax rebate procedures. The immediate tax rebate scheme has not failed to meet the expectations of Chinese tourists, and is expected to promote more.

Travel to Korea.

The South Korean government plans to implement an immediate tax exemption system for foreign tourists starting next January 1st.

The shopping list is less than 200 thousand won (about 1100 yuan), and the total amount does not exceed 1 million won (about 5401 yuan). It can get tax rebates on the spot (less than 30 thousand won won't give tax rebates).

The new policy not only facilitates tourists, simplifies the tax refund procedures, attracts more Chinese tourists to visit Korea, but also promotes the development of small duty-free shops mainly selling low-priced products in Korea.

In the past, when tourists bought taxable goods in duty-free shops, they needed to go through the tax refund procedures before going abroad. After the implementation of the immediate tax rebate scheme, the goods with a single piece value of not more than 200 thousand won and a total of no more than 1 million won could be handled directly at the duty free shop.

According to the statistics from South Korea, 79% of the total number of tax rebates in the first half of this year will not exceed 200 thousand won.

According to analysis, the immediate tax rebate scheme will greatly enhance the competitiveness of small duty free shops.

A large duty-free shop official pointed out that "the situation of more than 200 thousand won is more advantageous to the general duty free shops in the city, but it is difficult to exceed the price of 200 thousand won products for single price such as medium and low price cosmetics. Small duty free shops are obviously more competitive in convenience."

According to the analysis of professionals, "at present, South Korean free travel tourists are growing. Besides big cities, they will go to some local cities, and there are few large duty-free shops in the local cities. This market is expected to become a small duty free shop."

And small duty free shops are different in the type of tax refund.

Large duty free shops deduct surcharge, personal consumption tax and customs duties, but small duty free shops generally only deduct surcharge and consumption tax.

So far, large duty free shops are more popular among consumers.

But in recent years, the surge of Chinese tourists has promoted the development of small duty-free shops in Korea. The total number of small duty-free shops in 2010 has increased to 1.1 000 in 929.

According to the statistics of the eleven golden week of the National Tourism Administration, the top three outbound countries and regions are Japan, Korea and Thailand.

Japan's popularity ranked first in South Korea and Thailand for the first time, and the number of travelers doubled over the same period last year.

As a large number of cruise routes diverted to Japan, it brought fire to Japan's tourism industry.

In addition, Japan has relaxed visa policy since last year, coupled with the decline in the yen exchange rate and the increase in flights between China and Japan, and more and more Chinese tourists are pouring into Japan.

In June this year, South Korea was hit by the Middle East respiratory syndrome (MERS), and the tourism industry was frustrated. The South Korean government is winning the Chinese tourists through visa free fees, discounts, and cooperation between the government and Chinese enterprises.

The Ministry of tourism of Korea has even organized activities to welcome Chinese tourists at the Inchon International Airport.

The Seoul municipal government and the Seoul Office of the National Tourism Administration of China designated October 6th as the "welcome day of Chinese tourists" in Korea.

After the implementation of the new tax rebate policy, South Korea will have a similar tax rebate system with Japan.

At present, Japan can implement the system of immediate refund on spot at the cost of 5000 yen (or more than 259 yuan) or 500 thousand yen (25 thousand and 900 yuan).

International tourism has acquired a large amount of foreign exchange for Korea. Since 1980s, the proportion of international tourism income has increased continuously in Korea GDP.

According to Ctrip related personages, South Korea's beautiful natural environment and rich human resources attract more and more foreign tourists. With the rise of the Korean wave and the popularity of Korean cosmetic and cosmetics industry, Korea has become the first destination of Chinese tourists outbound travel.