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Brazil’s parliament has approved a substantial 67% hike in the duty-free allowance for border shoppers that should drive traffic and sales—as well as see a series of new shop openings.
The move is timely. Sales of jewelry and watches on Hainan have been rocketing since personal duty-free allowances were more than tripled on July 1 to $14,000.
Chinese shoppers in Hainan, for example, now enjoy a duty-free allowance of 100,000 yuan ($15,500), thanks to a recent tripling of the tax break. The final trend, also on display in Hainan, is ...
European Union travellers returning from a trip outside the 27-nation bloc can bring in more wine as of Monday, as member states relax customs regulations in a bid to cut red tape.
• Reduced Allowance at Land Ports: Duty-free allowances for goods brought in through land ports have been curtailed. Travellers may now claim this allowance only once a year, down from three times.