Recent reports have asserted that Shanghai will be the next Chinese city to offer tax refunds to foreign visitors who purchase goods, joining Hainan Province, which has offered tax refunds to tourists shopping on the Chinese island.
If the new policy is approved in Shanghai, visitors will be refunded the 11 percent tax on goods that cost approximately USD$80 or more, provided they leave the country within 90 days after the purchase of the goods. The refund would be available on products such as clothing, watches, jewelry, electronics and more.
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