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China Imposes 13% VAT on Condoms to Boost Birth Rates

China Imposes 13% VAT on Condoms to Boost Birth Rates
China has introduced a 13% VAT on condoms as part of a broader strategy to boost its declining birth rate, ending a 33-year tax exemption on contraceptives. The move is part of revised family planning rules, which aim to encourage larger families and address the country's demographic crisis.

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