(ECNS) -- South Korea plans to reimburse foreign tourists for value-added tax payments on hotel bills to attract more visitors from China and Japan, a Chinese-language website said.
From Jan 1 to Dec 31, 2014, foreign tourists will get a 10-percent rebate on hotel spending. They now pay the same value-added tax as South Koreans, it said.
For example, on a hotel bill of 330,000 South Korean won ($2,287), foreign tourists will get back 30,000 won, once they hand in the invoice to the culture, sports and tourism ministry or national tax department.
Thanks to similar measures, visitors to Canada grew by 5.8 percent from 1992 to 2006, the ministry said.
It is part of a package of tourism promotion measures unveiled in South Korea, and the government aims to raise its annual tourism revenue to $24 billion by 2017 by attracting 16 million foreign visitors to the country.
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