Business news from Ukraine

Business news from Ukraine

China abolished tax exemption on condoms and contraceptives that had been in effect for more than 30 years

China has abolished a 30-year tax exemption on condoms and a range of contraceptives and started imposing a standard VAT of 13% on them from January 1, 2026, media reported. The decision is seen as part of a package of measures to stimulate the birth rate amid a continuing decline in the number of births and an aging population.

Earlier, Chinese authorities also announced the launch of a nationwide childcare subsidy program – the payment amounts to 3,600 yuan a year (about $500) for each child under the age of three.

In addition, the government encouraged universities to introduce “love education” courses – training focused on fostering positive attitudes toward marriage, family and having children.

 

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