Birth management: China slaps new taxes on condoms, contraceptives in effort to spice up start charges
It’s a taxing time for sweethearts in China.
After a 30-year exemption, the nation is slapping a 13% gross sales tax on condoms, contraception tablets and gadgets, hoping to spice up its declining start charges and offset the long-term influence of an getting old inhabitants and declining workforce.
And with contraception dearer underneath the brand new legislation, which takes impact Jan. 1, 2026, officers are hoping different monetary incentives assist usher in a child growth.
On Jan. 1, 2026, China is slapping a 13% gross sales tax on condoms, contraception tablets and gadgets. South China Morning Post by way of Getty Images
Changes embrace making childcare providers, elder care establishments and incapacity service suppliers tax exempt; providing…
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