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China Updates Tax Refund Policy For Foreign Tourists

China has updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure policy to a refund-upon-purchase model, the State Taxation Administration (STA) says. The STA said on Tuesday that under the new refund-upon-purchase policy, foreign visitors could instantly claim Value Added Tax (VAT) rebates at tax-free stores. It said the policy would enable…

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Austrian President Urges Foreign Minister To Head Interim Govt

Austrian President, Alexander Van der Bellen, has urged the Foreign Minister, Alexander Schallenberg, to head the interim government after Chancellor Karl Nehammer steps down on Friday. The presidential office made the announcement on Wednesday. “Federal President Van der Bellen will instruct Federal Minister Alexander Schallenberg to continue leading the chancellor’s federal office and head the…

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Foreign Minister To Head Interim Gov’t On Friday In Austria – Office

Presidential office on Wednesday said Austrian President Alexander Van der Bellen will instruct Foreign Minister Alexander Schallenberg to head the interim government after Chancellor Karl Nehammer steps down on Friday. “Federal President Van der Bellen will instruct Federal Minister Alexander Schallenberg to continue leading the chancellor’s federal office and head the interim federal government on…

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Bill To Prohibit Foreign Currency Use In Nigeria Advances In Senate

The Nigerian Senate has taken significant steps towards reinstating the country’s monetary sovereignty by introducing legislation aimed at banning foreign currencies for transactions and payments within its borders. The proposed bill seeks to ensure that all financial dealings, including salaries and general transactions, are carried out exclusively in Naira. This initiative aims to eliminate discriminatory…

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