What Is an Estimated Tax Return?

The tax refund for shopping refers to the tax refund policy for foreign tourists who carry the tax refund items that they carry out of the country at the designated tax refund stores. The shopping tax refund system originated in Sweden in the early 1980s. According to the practice of various countries, it can be divided into three modes: retail export plan, tourist tax refund plan, and central tax refund agency. On the morning of December 27, 2010, Hainan Province launched a press conference on piloting the tax refund policy for overseas travellers shopping in Haikou. The tax refund policy for overseas travellers will officially operate in Hainan on January 1, 2011. China's pilot overseas tax refund policy for shopping abroad in Hainan. With the development of commerce, shopping tax refunds no longer refer specifically to tourism tax refunds, it also includes cross-border online shopping tax refunds.

Tax Free Shopping

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Tax refund for shopping refers to the

Tax refund for shopping refers to the

The shopping tax refund system originated in the early 1980s.

On the morning of December 27, 2010, Hainan Province launched shopping for overseas tourists

There is an additional tax refund method for travel shopping. Alipay tax refund is available. The tax refund can be credited to Alipay as soon as 10 working days. It is reported that the service has taken the lead in covering Global Blue Union's tax refund cooperation merchants in France, Germany, Italy, the United Kingdom and South Korea. In the near future, merchants from Switzerland, the Netherlands, Spain and other countries will also gradually join. In October 2013, Alipay launched overseas tax refund services for the first time. Consumers can use Alipay for tax refunds when shopping abroad. The tax can be paid to Alipay as soon as 7 working days, which is more than 5 times faster than traditional credit card tax refund methods. This service has been launched in South Korea for the first time, and it is expected to gradually be extended to Singapore, the European Union and other regions in 2014. At present, the national airports for Alipay overseas shopping tax refunds are: Germany Dusseldorf Airport Tax Refund, Germany Frankfurt Airport Tax Refund, France Paris Charles de Gaulle Airport Tax Refund, South Korea Tax Refund ( Gimpo Airport , Incheon Airport ), Netherlands Amsterdam Schiphol Airport Tax Refund, Madrid Airport Spain Tax Refund Tax refund at FCO Airport in Rome, Italy, Tax Refund Strategy at London Heathrow Airport, Terminal 1 of Malpensa Airport, Milan, Italy, and Tax Refund at Zurich Airport, Switzerland.

Global shopping tax refund service company Global Blue released data on the 11th that global shopping tax refund consumption continued to grow in 2014, and Chinese tourists ranked first in the world for seven consecutive years of shopping tax refund consumption. Data show that in 2014, Chinese tourists' tax refund consumption for shopping increased by 18% compared with 2013, accounting for about one-third of the global total.

The data also shows that the total amount of shopping tax refund consumption of tourists from Russia, the United States, Indonesia, and Japan ranked behind China. ^[1]