Research On The Tax Refund System Of Overseas Passenger Shopping In China

Tourism is set of food, live, transportation sightseeing, shopping, entertainment and other services as one comprehensive industry and it has the revenue-generating for the nation, driving the development of other sectors of the economy and improving industrial structure, and so on. With the gradual deepening of China’s economic growth as well as the adjustment of economic structure, the tourism industry has developed into an important pillar of the tertiary industry in our country and the role of promoting the national economy gradually revealed. Inbound tourism as a national foreign exchange and promote the employment of non-trade channels, is an indispensable factor to promote the development of China’s tourism and economy. To establish normative, complete and effective departure tax refund system for overseas visitors shopping, not only conforms to the international practice and accelerates the pace of China’s opening to the outside world and in line with international standards; What is more important to our country tourism consumption structure optimization and improvement of tourism shopping system, promoting consumption upgrade and the improvement of international competitiveness, giving rise to a new economic growth point.In order to encourage overseas tourists shopping and spending in the tourist destination, the system of departure tax refund for overseas tourists shopping is a rebate program to allow indirect taxes (mainly VAT and GST) included in the price of the purchased goods paid in the tourist destination in the process of production and circulation. On January1,2011, the pilot policy of departure tax refund for overseas visitors shopping has been implemented in Hainan province of China, however, it did not achieve the desired results. Along with the growing outbound travel in recent years, the outflow of domestic consumption situation is increasingly serious, to prevent the outflow of domestic purchasing power has become an inevitable problem, In this case, how to coordinate border tax lever to improve the inbound and outbound tourism market imbalance in the status quo, to make the existing pilot policy exert effective as it should be, will be the focus of this paper.This article is discussed mainly from the three aspects. First,this paper explain the significance of the research background and our implementation of departure tax refund system for overseas visitors shopping, then summarize the research at domestic and abroad on shopping departure tax refund and theoretical basis; Second, summed up the results of previous studies in the analysis and related theory based on the study, to discuss that for overseas tourists shopping departure tax rebate system has advantages and disadvantages of the conditions and marketing environment; Third, to introduce the practice and experience of foreign shopping rebate system, compared with the Hainan current pilot policy and put forward specific recommendations. In this paper, from the angles such as economics, management international trade and trying to provide some reference to the relevant departments on the system design and implementation, in order to better promote the development of China’s tourism and international trade, and promote our country’s tax system further perfected.