China to Tax Condoms and Contraceptives as It Grapples With Plunging Birth Rate

Date:

A woman browses items for sale beside a shelf of condoms (R) at a supermarket in Beijing on April 24, 2013. Wang Zhao /AFP via Getty ImagesChina will start taxing condoms and other contraceptives for the first time in three decades, as it searches for ways to lift one of the world’s lowest birth rates.Under a revised Value-Added Tax (VAT) Law passed at the end of 2024, condoms and oral contraceptives will lose their tax-exempt status and be subject to up to 13 percent VAT starting Jan. 1, 2026.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Tech Giant Atlassian to Cut 1,600 Jobs in Artificial Intelligence Drive

An AI sign is displayed during the MWC (Mobile...

Minister Says Oil Wont Leave Australia Amid IEAs Massive Stockpile Release

Barrels labelled with the Castrol logo are seen at...

Australia Eases Fuel Standards to Boost Supply Amid Shortage Fears

The Labor government expects the move to add 100...

Xi Warns Chinas Military Against Disloyalty at CCPs Top Political Meetings

Military officers and other delegates leave the opening session...