Beijing Wants Babies: Condoms, Contraceptive Drugs Hit With Double-Digit Tax To Boost Birth Rate
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. […]
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