China reduces the minimum purchase for foreign tourists to claim tax refunds. The new limit is 200 yuan. Earlier it was 500 yuan. The maximum rebate limit is now 20,000 yuan. The government aims to increase tax refund shops. They also plan to simplify the refund process. This move is to boost domestic consumption. Post navigation Toyota Motor weighs partial investment in potential $42 billion buyout of key supplier ‘A game-changer for taxpayers’: GST Appellate Tribunal rules notified – all you need to know
