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Shanghai Daily News Digest

Local brands set to cash in on tax scheme   2015-11-12

 

 

THE city's tourism authorities are considering allowing a number of stores that sell time-honored brands and traditional products to join the new duty-free sales scheme in a bid to shore up flagging sales.

Since July, tourists visiting Shanghai have been able to claim VAT refunds on purchases made at 27 shopping centers and individual shops selected to take part in the scheme. The only condition is that they spend at least 500 yuan (US$80).

Cheng Meihong, deputy director of the Shanghai Tourism Administration, said the idea is to give local, often small-scale shops that sell locally produced goods, like Lantang shoes or Pechoin face cream, the chance to benefit from the millions of people who visit the city every year.

 


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