China is offering Young Parents A Tax Break in the Hope of Addressing the Population Decline the Country Has Been Facing for Years. Parents do not have to pay income tax on childcare subsidies, Accordance to the Chinese Ministry of Finance.
China Already Introduced An Annual Childcare Subsidy of 3,600 Yuan (over 400 euros) in July for children up to three years old. With the National Scheme, the Authorities Want To Increase The Birth rate. Previously, Numerous Provincial Or Local Subsidies for Childcare Were Introduced for the Same Reason.
The Tax Measure Came Into Effect Retroactively on January 1 of this year. The Childcare Allowance is expected to support more than 20 million families.
China’s Population Shrank for the Third Year in A Row in 2024. The Country is Still Struggling with the Consequences of the One-Shild Policy that was in effect between 1980 and 2015. Rapid Urbanationation and the Rising Costs of Raising. Contribution.
AltheHeUgh There Were Slightly More Births in 2024 Than a Year Earlier, experts Warn of a New Decline. The Number of Maria’s Contracted – an Important Predictor of Future Births – Fell Sharply, Writes The South China Morning Post. In 2024, 20 percent FEWER COUPLES GOT Married Than in 2023.