Beijing Wants Babies: Condoms, Contraceptive Drugs Hit With Double-Digit Tax To Boost Birth Rate In an effort to reverse China’s sagging birth rate, Beijing has removed a three-decade tax exemption on contraceptives starting Jan. 1, when condoms and contraceptive pills will now incur a value-added tax of 13%, the standard rate for most consumer goods. The move comes after 2024 data marked the third consecutive year that birth rates have dropped – something experts have warned is likely to continue. Last year, China introduced an annual childcare subsidy, and exempted such subsidies from personal income tax amid a series of “fertility-friendly” measures… — Continue at ZeroHedge News : Read More
