China has announced tax-relief policies for parents rearing children under 3 years old, according to a State Council circular issued on Monday.
Starting January 1, 2022, the individual taxable income of such parents can be reduced by a total of 1,000 yuan (157 US dollars) per month for each baby, said the circular.
The deduction can be applied in full by one parent or can be split evenly, added the circular.