HAINAN, CHINA'S TAX BREAK

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STORY: HAINAN, CHINA'S TAX BREAK DATELINE: April 20, 2011 LENGTH: 0:03:07 LOCATION: Hainan PKG Intro: Off the Chinese Mainland's southern coast lies Hainan - an island that attracts vacationers from all over Asia. It's where the BRICS and Boao Asia summits just took place. Well - the place is working to attract even more visitors, and shoppers alike. Pkg: China's Ministry of Finance announced Thursday that Hainan will implement a tax rebate program for tourists on a trial basis starting April 20. The program sets the rebate cap on commodities with a total value of no more than 5,000 yuan (762 U.S. dollars) per person each time. Moreover, it's aimed at tourists 18 years old and older from both home and abroad who will fly to other destinations in China from the island. Each eligible tourist can claim rebates twice a year, while island residents can claim rebates once a year. According to the statement, tourists can also buy one item worth over 5,000 yuan per person each time p Powered by www.newslook.com Producer : Xinhua News Agency
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