US EditionChina imposes 13% tax on condoms as birth rate declines
16 Articles
16 Articles
Next year, medicines and contraceptives will no longer be exempt from the 13% value added tax.
From 2026 zero birth costs and VAT to 13% on condoms and contraceptives. China now changes course to stop the decline in births and the ageing population
China Taxes Condoms for First Time in 30 Years to Boost Birth Rate
China has imposed a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades as part of its efforts to boost the birth rate and modernize its tax laws. The measure takes effect on January 1, when condoms and contraceptives will be subject to a 13% VAT – a levy this product has been exempt from since China introduced its national VAT system in 1993. The move is included in a VAT law approved in 2024, designed …
Since January VAT on contraceptives at 13%. The damage of the policy of the only child (ANSA)
China Ends Three Decade Tax Exemption On Contraceptives To Boost Birth Rate
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/china-ends-three-decade-tax-exemption-on-contraceptives-to-boost-birth-rate/China will impose a 13 percent value added tax on contraceptive products starting January 1, 2026, ending a 30 year exemption as the country grapples with declining birth rates. The revised Value Added Tax Law removes tax breaks for contraceptive drugs and devices including co…
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