China removed a three-decade-old tax exemption on contraceptive drugs and devices from January 1 in new steps to spur a flagging birth rate. Condoms and contraceptive pills now incur value-added tax of 13%, the standard rate for most consumer goods

China removed a three-decade-old tax exemption on contraceptive drugs and devices from January 1 in new steps to spur a flagging birth rate. Condoms and contraceptive pills now incur value-added tax of 13%, the standard rate for most consumer goods