Economy

China to offer overseas buyers tax refund in Hainan

(Xinhua)
Updated: 2010-12-27 11:18

HAIKOU - Overseas tourists can claim, starting next year, tax refunds at 11 percent of their purchases in pilot shops in?South China's Hainan province when leaving China there, a local official said Monday.

The minimum purchase eligible for the tax rebate is 800 yuan ($121), said Lu Yong, vice director of the Hainan Provincial Bureau of Finance.