China Reduces Personal Income Tax for Parents of Children under 3
- Home
- News
- People
- In-depth
- ACWF
China Reduces Personal Income Tax for Parents of Children under 3
March 29, 2022A child skies with the help of a parent at White Mountain Resort in Fusong, northeast China's Jilin Province, Nov. 19, 2021. [Xinhua/Xu Chang] |
BEIJING, March 28 (Xinhua) — China has announced tax-relief policies for parents rearing children under 3 years old, according to a State Council circular issued on Monday.
Starting Jan. 1, 2022, the individual taxable income of such parents can be reduced by a total of 1,000 yuan (157 U.S. dollars) per month for each baby, said the circular.
The deduction can be applied in full by one parent or can be split evenly, added the circular.
The policy is the implementation of a decision on improving birth policies to promote long-term and balanced population development, which was adopted by the Communist Party of China Central Committee and the State Council in July.
(Source: Xinhua)
32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.
Comments
Magazines
Projects
- 2023 Women Science and Technology Innovation Pioneer...
Photos
- People Enjoy Blooming Tulips in Jinan, East...
- Flowers Bloom Across China in Spring
Special Coverage
Related articles
Israeli army says it kills over 130 militants in E. Rafah
JERUSALEM, May 18 (Xinhua) -- The Israel Defense Forces (IDF) have killed more than 130 militants in2024-05-21US to build temporary port to deliver Gaza aid
Joe Biden delivers the State of the Union address. Photo: CHIP SOMODEVILLA / AFP2024-05-21Wellington City Council votes to increase housing density
An independent panel recommended increased character housing protections in Wellington, but councill2024-05-21David Cameron's Falklands visit prompts playful dig from Buenos Aires
Photo: AFP2024-05-21Devout Christian doctor, 68, who punched dementia
An 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi2024-05-21Neighbours heard gunshots, 'commotion' in Auckland kidnapping
Police guard one of the scenes on Wednesday morning. Photo: Jordan Dunn / RNZ2024-05-21
atest comment