Cash-refund point in Istanbul

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Cash-refund point in Istanbul
Oluşturulma Tarihi: Ocak 20, 2009 00:00

ISTANBUL - Turkey’s first "downtown cash-refund point" came to Istanbul’s İstinye Park last week. The joint project launched by İstinye Park shopping mall and Global Refund Turkey will ensure that foreign shoppers are reimbursed instantly for taxes they pay on purchased items.

The system provides a full tax refund for foreign shoppers purchasing items from shops that are members of the Global Tax Free Shopping System. As of Jan. 14, foreign customers shopping at İstinye Park are given tax rebates on items purchased from member shops before leaving the country. Once the customers have been reimbursed they can take the items purchased, together with receipts, to customs where their receipts will be authorized and sent to one of the 200 worldwide Global Refund centers.

Authorization for the Global Refund program can be carried out at any of Turkey’s air, land and sea borders. A similar downtown cash-refund point has already been successfully operating in other countries.

Shopping will be more efficient for foreigners
"The İstinye Park project will make shopping more efficient for foreigners in Turkey and the tax refunds will encourage tourists to do more shopping," said Hülya Aslantaş, Global Refund Turkey’s general manager. The İstinye Park shopping mall opened in September 2007. The 270,000-square-meter shopping complex has 87,000 square meters of retail space and nearly 300 stores.
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