contraceptive

China has removed a three-decade-old tax exemption on contraceptive drugs and devices, imposing a 13% value-added tax on items such as condoms and contraceptive pills from Jan. 1, in a fresh bid to arrest a prolonged slide in birth rates. The change subjects most contraceptives to the standard VAT applied to consumer goods in the world’s second-largest economy. It marks a policy shift after years in which such products were treated as tax-exempt public health items, and it arrives as Beijing ramps up efforts to encourage…