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

US Accuses China of Industrial-Scale AI Theft Ahead of Trumps Visit

The World Artificial Intelligence Conference (WAIC) in Shanghai, China,...

NATO Minus US: European Militaries Wont Add Up to Deter Russia

The possibility of a U.S. exit from NATO leaves...

Albanese, Marles Condemn WH Correspondents Dinner Shooting

‘I am pleased to hear the President and the...

Security Agencies on Alert as ISIS Brides, Children Eye Return to Australia

Four women and nine children reportedly left Syria’s al-Roj...