Amid declining birth rates in the country, China has said it will impose a value-added tax on contraceptive drugs and devices, including condoms, for the first time in three decades. Consumers will have to pay a 13% levy on the items that had been VAT-exempt since 1993, when China enforced a strict one-child policy and actively promoted birth control.
short by
Ankush Verma /
02:12 pm on
02 Dec