China exempts childcare subsidies from individual income tax
Share - WeChat
BEIJING - China will exempt childcare subsidies from individual income tax effective from Jan 1, 2025, according to a notice released by the Ministry of Finance and the State Taxation Administration on Wednesday.
To ensure the implementation of tax exemption, health authorities will work with finance and tax departments to establish an information-sharing mechanism. County-level health authorities will handle applications for tax exemptions by eligible individuals in accordance with regulations.
China has introduced a nationwide childcare subsidy program starting in 2025, as part of broader efforts to support families and encourage childbirth. The program offers families 3,600 yuan ($504) per year for each child under the age of three.
- 10 dead and 84 injured in explosion at steel plant
- China unveils flexible urban planning rules to improve lives, foster new industries
- Ex–China Construction Bank executive gets 18 years for bribery, loan violations
- First batch of eco-friendly pioneer zones for construction of beautiful countryside unveiled
- Woodpeckers, finches captured in Jilin winter scenes
- Mainland reiterates 1992 Consensus as foundation for resuming cross-Strait dialogue































