China reduces personal income tax for parents of children under three
China has announced tax-relief policies for parents rearing children under three years old, a state council circular issued on Monday said.
The circular said starting January 1, 2022, the individual taxable income of such parents can be reduced by a total of ¥1,000 ($157) per month for each baby.
The deduction can be applied in full by one parent or can be split evenly, it added.
The policy is the implementation of a decision on improving birth policies to promote long-term and balanced population development.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Navy uncovers nine illegal refineries in Rivers
Five newly excavated pits, prepared for imminent use, were also found and neutralised before they could become operational.
States
Alleged drug trafficker nabbed with 28 bags of cannabis in Katsina
The police command in Katsina arrested a 37-year-old suspected drug trafficker and recovered 28 bags of suspected cannabis from him.
Politics
Rigged 2027 presidential election could spell doom for Nigeria: Sam Amadi
“A rigged election in 2027 could be the trigger for a very devastating outcome for the country,’’ Sam Amadi warned.
Politics
Gov Yahaya commends Ashaka Cement’s contributions to development of Gombe
Governor Inuwa Yahaya commended Ashaka Cement for its contributions to Gombe’s socio-economic development and industrial growth.
Education
COREN inducts 250 UNN engineering graduates
The Council for the Regulation of Engineering in Nigeria on Tuesday inducted the maiden 250 graduates of the Faculty of Engineering, University of Nigeria Nsukka (UNN).
Education
Court reserves judgement in Ojukwu varsity VC appointment suit
After hearing the arguments, Justice John Tergama, who presided, fixed October 15 to deliver a judgement on the matter.
