Things are about to get easier for Chinese travelers looking to enjoy tax refund services in Singapore. One of the main tax refund companies operating in the country is rolling out instant tax refund services processed through Alipay in a move that is likely to make tax refund easier than ever for Chinese tourists visiting the city-state.
Global Tax Free, a South Korean tax refund company established in 2005, launched its services in Singapore back in 2014 after being awarded appropriate licenses to become a “Central Refund Agent.” Singapore, one of the most popular tourist destinations in Asia with 16.4 million visitors in 2016, is a competitive market where Global Tax Free is up againstglobal tax-free giants such as Global Blue and Premier Tax Free, as well as recent entrantTourego (途鹅)—a “paperless” tax refund company.
According to Global Tax Free, its tax-free network covers all 2000 brands and merchants in Singapore that are part of the Electronic Tourists Refund Scheme (eTRS)—a government scheme that centralizes tax refunds in Singapore on a single platform that tax refund companies can tap into. In other words, the same restrictions apply for Alipay through Global Tax Free as for any other tax refund company operating in Singapore.