A 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.
Related articles:
Related suggestion:
Bees cause a buzz and lengthy disruption at Indian Wells tennis during Alcaraz vs Zverev match$1.50 for a coffee? The viral street ‘cafe’ run by a homeless manUS tuberculosis cases were at the highest level in a decade in 2023Moon landing attempt: Another US lunar lander blasts offWalgreens books hefty charge as the drugstore chain adjusts the value of struggling clinicsOnline posts erroneously tie Senate minority leader’s late sisterIntuitive Machines: Odysseus Moon lander 'tipped over on touchdown'Easter weekend road toll worst since 2021Astronomers find vast underground ocean under Saturn's Death StarPunxsutawney Phil and wife Phyllis are parents of 2 babies
3.7012s , 6513.671875 kb
Copyright © 2024 Powered by China Reduces Personal Income Tax for Parents of Children under 3 ,Culture Circle news portal