From 1 January, contraceptives will be subject to a 13% VAT rate – part of a carrot-and-stick approach by the government to increase births
China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate and modernise its tax laws.
From 1 January, condoms and contraceptives will be subject to a 13% VAT rate – a tax from which the goods have been exempt since China introduced nationwide VAT in 1993.
The measure was buried in a VAT law passed in 2024 in an effort to modernise China’s tax regime. VAT accounts for nearly 40% of China’s total tax revenue.
Leaders of all “developed” nations need to look at this.
Birth rates are plummeting, and its not because of some religious children of men scenario or plastics in our sperm.
People just don’t want kids, and why would we? World is a shithole, everything costs too much and we are being constantly reminded that WW3 is just around the corner.
china has significantly worst, because of the one child policy, which heavily skewed the results as well. prefer male offspring over female ones, leading to massive imbalance, and its still be preferred.