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.
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
New Climate Change Minister Simon Watts not expecting criticism at COP28 over fossil fuels U
Alleged MediaWorks hack sees 2.5m Kiwis' data stolen
Judge agrees to reduce Trump fraud bond
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
'Strong' quake hits West Coast
Samantha Murphy's accused killer named as Patrick Orren Stephenson after suppression order ends
Government sets nine targets in health, crime, social support, education, climate
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Hamilton mayor's Anzac trip to Belgium criticised amid massive rates rise
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
Large blaze at Auckland scrap metal site contained