China UnionPay introduces tax refund for purchases abroad

China UnionPay (CUP) recently formally introduced tax refund service for the goods purchased outside China by CUP standard cardholders.

Today when CUP standard cardholders make purchases in over 250,000 shops around the world bearing the Global Refund Group's sign---"Tax Free Shopping", through a corresponding tax refund process, they will receive excises reimbursed to their CUP standard cards.

This tax refund service is jointly launched by CUP and the Global Refund Group.

Source: People's Daily Online