tax on condoms – Charm

Under the newly revised Value-Added Tax Law, consumers will pay a 13% levy on items that had been VAT-exempt since 1993, when China enforced a strict one-child policy and actively promoted birth control. (Photo for representation)(Unsplash)

China is imposing tax on condoms, other contraceptive drugs to boost birth rates

7 months ago06 mins

China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy. Under the newly revised Value-Added Tax Law, consumers will pay a 13% levy on items that had been…