Tag - duty-free

 
 

DUTY FREE

The Ginza shopping district in Tokyo in August
JAPAN
Nov 28, 2024
Japan to overhaul tax exemption system for foreign visitors
The new system is expected to allow foreign visitors to receive tax refunds for products purchased at prices with the tax included when they leave the country.
Passengers walk through the departure lobby of Haneda Airport in Tokyo.
JAPAN
Oct 25, 2024
Over ¥300 million in taxes not collected from foreign tourists in 2022
In cases where the amount of duty-free purchases exceeds ¥100 million, authorities notify travelers of consumption taxation.
Fast Retailing booked its third consecutive year of record earnings on Thursday.
BUSINESS / Companies
Oct 10, 2024
Uniqlo owner Fast Retailing posts 31% rise in full-year profit, beats estimates
Operating profit rose 31% to ¥500.9 billion in the 12 months through August from ¥381.1 billion a year earlier.
 Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
JAPAN
Aug 13, 2024
Japan to revise consumption tax exemption for overseas tourists
A revision of the current system is being considered to prevent goods bought tax-free from being resold within the country.
Travelers in front of a Suntory duty-free shop at Kansai International Airport in December
BUSINESS
Jun 25, 2024
Duty-free sales at Japan's department stores tripled in May
Record sales were achieved with the help of a significant influx of Chinese tourists and the yen’s weakness.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
Welcia Holdings, Japan’s largest drugstore chain, is one of the first Japanese companies to respond to China easing its ban on group tours to a raft of countries last week.
BUSINESS
Aug 18, 2023
Japan drugstore chain boosts duty-free counters on China bets
The company plans to offer duty-free services at 1,000 stores, up from about 260 currently, and it expects tourists to travel beyond Japan’s major cities.
Japan Times
BUSINESS
May 15, 2023
Japan steps up measures to prevent illegal resale of duty-free goods
The government has started levying the consumption tax on businesses that purchased the products and illegally resold them, as well as the foreign nationals involved.
BUSINESS / Economy
Oct 24, 2022
Duty-free sales jump by up to twentyfold at Japan's department stores
Competition is seen heating up further in the Japanese retail industry amid efforts to respond to such demand from inbound tourists.
EDITORIALS
May 7, 2016
Find an effective tourism strategy
Tourism based on shopping won't keep growing at its present rate, so the hospitality industry and government need to get cracking on long-term sustainable strategies.

Longform

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