From 1 January, contraceptives will be subject to a 13% VAT rate – part of a carrot-and-stick approach by the government to increase births
China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate and modernise its tax laws.
From 1 January, condoms and contraceptives will be subject to a 13% VAT rate – a tax from which the goods have been exempt since China introduced nationwide VAT in 1993.
The measure was buried in a VAT law passed in 2024 in an effort to modernise China’s tax regime. VAT accounts for nearly 40% of China’s total tax revenue.
The future ruling classes are going to need serfs.
Yeah it’s a great way to dilute the intelligence of a population while skewing voting toward more conservative representation. Half the US has similar values.
Voting is done by an internal caucus, and even that’s a sham already, where they unanimously allowed Xi to be Chairman a third term.
It’s also not going to work, because even if they raised their population, we’ve seen they can’t do anything with their workforce without FDI.