On June 6, the "African Merchants Explore Gaoqiao" Procurement Month Event was launched in the Yuhua Block of the China (Hunan) Pilot Free Trade Zone Changsha Area. A plaque-presenting ceremony for stores that provide instant departure tax refund service in the Hunan Gaoqiao Grand Market was held simultaneously. This marked the first time that instant tax refund stores have expanded to a comprehensive wholesale market, following the launch of Hunan's first batch of such stores in a Changsha shopping mall in April. This is a crucial step by Hunan Province in optimizing the international consumption environment and enhancing trade facilitation, and is also a warm-up event for the upcoming 4th China-Africa Economic and Trade Expo.
At the event, the first group of 17 stores in the Gaoqiao Grand Market were awarded the qualification to provide tax refund services for overseas travelers by the Changsha Municipal Tax Service, State Taxation Administration (STA). This innovative policy replaces the traditional refund-upon-departure model with a refund-upon-purchase model. Hence, overseas travelers can receive their tax refunds immediately on-site after shopping at the Gaoqiao Grand Market.
The event was guided by the Hunan Provincial Department of Commerce and the Hunan Provincial Tax Service, STA and hosted by the Changsha Municipal Bureau of Commerce, the Management Committee of the China (Hunan) Pilot Free Trade Zone Changsha Area, the Changsha Municipal Tax Service, STA, and the People's Government of Yuhua District. The event was undertaken by the Management Committee of the Yuhua Block of the China (Hunan) Pilot Free Trade Zone Changsha Area, the Yuhua District Tax Service, STA and the Gaoqiao Grand Market.
This article is from the Hunan Provincial Government www.enghunan.gov.cn.
Translator: Kuang Zhenzhen
Chinese source: hunantoday