Contact Us
China Reduces Personal Income Tax for Parents of Children under 3March 29, 2022
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. CommentsMagazinesProjects
Photos
Special Coverage |
Frontier Airlines, stuck in a moneyDemi Moore stuns in an extravagant silk gown as she joins glamorous Rosie HuntingtonMcDonald's unveils budgetStock market today: World stocks advance after Wall Street closes out another winning weekOscar Isaac to voice role of Jesus Christ in faithInside the race for the world's first MILEVinnie Jones 'to discuss new romance' with Emma Ford in second series of In The CountryChina overcapacity narrative to impact global recovery, green transition: commerce ministryBradley Cooper branded 'desperate' after studio submits his TWOInside Taylor Swift and Travis Kelce's luxurious $21K