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
EU, Finnish leaders call for de
European Commission President Ursula von der Leyen and Finnish Prime Minister Petteri Orpo on Friday2024-04-30Sleeping bags at the ready... MPs and peers dig in for late
MPs and peers are readying sleeping bags and camp beds tonight as they brace for a late-night showdo2024-04-30West Virginia confirms first measles case since 2009
CHARLESTON, W.Va. (AP) — A West Virginia hospital has confirmed the first known case of measles in t2024-04-30Yangtze River Delta put into focus
Three exhibitions currently ongoing at the Shanghai History Museum simultaneously stem from its alli2024-04-30Chinese foreign ministry official on US Secretary of State Blinken's visit to China
On April 26, Yang Tao, Director General of the Department of North American and Oceanian Affairs of2024-04-30Bill allowing parents to be fined for child's criminal offenses heads to Tennessee governor
NASHVILLE, Tenn. (AP) — A proposal that would allow parents to be fined for their child’s criminal o2024-04-30
atest comment