- China will impose a value-added tax on contraceptive drugs and devices, including condoms.
- This is the first time in three decades such a tax will be applied.
- The move aims to address declining birth rates that could slow China’s economy.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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