Malaysia gears up to boost its shopping experience with some never-seen-before shopping offers. Malaysia has three major shopping seasons in a year, including 1 Malaysia Grand Prix, 1 Malaysia Sale Carnival and the Grand Year End Sale. To boost the grand retail finish and retain customer confidence, Malaysia brings forth the exclusive Tourist Refund Scheme.
According to a survey conducted recently by Tourism Malaysia, tourists spend maximum on shopping and the country witnesses dedicated tourists for shopping across key market hubs. The survey shows that tourist expenditure on shopping took the top spot from accommodation as travel component for the first quarter of 2015, with an increase of 10.8% to RM4.9 billion against the same period last year.
Royal Malaysian Customs Department (RMCD) has appointed IRIS Global Blue TRS Malaysia SDN BHDto implement the Tourist Refund Scheme which allows the shoppers to claim refunds from the participating 400 retailers across key shopping destination. With a minimum spend of MYR 300, customers can ask for GST Refund Form. In order to avail refunds, the customer simply has to present the Refund Form along with passport and with a simple verification process, the refund can be claimed before departure from the country. Customers may combine receipts from the same Approved Outlet over a three month period prior to their departure from Malaysia.
