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
I was 'brokefished' by my friend for £400
I need your help. My friend K has been recently telling our friendship group about how dire his fina2024-05-21Invest In China: Multinationals embrace new opportunities created by China's green transition
BEIJING, April 2 (Xinhua) -- Foreign businesses are riding on the wave of China's green transition,2024-05-21Panama Papers trial's public portion comes to an unexpectedly speedy end
PANAMA CITY (AP) — The public portion of a trial of more than two-dozen associates accused of helpin2024-05-21Brayan Bello allows 1 hit in 6 innings as Red Sox breeze past Pirates 8
PITTSBURGH (AP) — Brayan Bello allowed one hit in six innings, Rob Refsnyder hit his first home run2024-05-21Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Britain has a new sports car. But it's not like anything else you've seen on the road before.Callum,2024-05-21Travis Scott anxious to break 0
Travis Scott is hungry for Grammy gold.The Houston native, 32, appeared on the latest edition of The2024-05-21
atest comment