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Tax Free Shopping Scheme for Foreign Visitors Launches in Shanghai
From today, Global Blue, the world's leading Tax Free Shopping provider, has partnered with Bank of China to make the service in Shanghai widely available and help retailers to provide the best Tax Free Shopping service to their international customers.
Almost 200 stores in Shanghai have already signed up to the TFS scheme, including major department stores [e.g. Takashimaya, Pacific, Parkson and Bailian (Group) Department Stores], luxury brands (e.g. Chanel, Hermes, Tiffany and Louis Vuitton ), high street names (e.g. Zara, Bershka and Marks & Spencer) and local retailers (e.g. Silk King, Lao Feng Xiang Jewellery and Chow Tai Fook Jewellery).
In a few simple steps, Singaporean shoppers from can make savings on both consumable and non-consumable goods that they will export in their personal baggage, including fashion and beauty items, watches and jewellery, and alcohol.
To claim the VAT refund, shoppers simply need to follow these three steps:
As part of the scheme Global Blue will also work with Bank of China to increase the number of retailers signed up to the scheme and will help participating retailers to better advise foreign visitors using the Tax Free Shopping service.
The minimum purchase amount to qualify for a Tax Refund is 500RMB (approximately 103SGD ). The scheme is available to all foreign visitors and residents from Hong Kong , Macau and Taiwan .
To locate participating retailers in China visit: globalblue.com/storelocator.
Global Blue pioneered the concept of Tax Free Shopping 35 years ago and is now the worldwide industry leader, delivering Globe Shoppers the best shopping experience and creating value for retailers and partners through a range of products and services:
Global Blue operates in 51 countries, employing 1,800 people worldwide. From April 2015 to March 2016 , Global Blue powered 30 million Tax Free Shopping and 12 million Dynamic Currency Conversion transactions. These totalled €21 billion worth of sales in store.
In addition, through the publication of over 9 million SHOP magazines and maps, and the creation of a wide range of online content, Global Blue helps its retail partners reach and engage with 30 million Globe Shoppers annually.
For more information visit corporate.globalblue.com.
E: pressenquiries@globalblue.com
T: Duncan Skehens, AVP Communications (+44)-7909-513-301