"We must vigorously develop elderly care and child care," Li said. "Our labor productivity cannot improve without a sound division of labor. The government needs to step up in widening market access and exercising impartial regulation. This will boost the growth of relevant industries and deliver satisfying services to our people." He also stressed the need to scale up vocational training to enhance the reputation and performance of the related industries.

The meeting identified a number of tax incentives for community-based elderly care, childcare and household services.

Between June 1 this year and the end of 2025, earnings of the above-mentioned services will be exempted from value-added tax (VAT), and enjoy a 10 percent deduction in taxable income. Those providing real estate or land for the relevant services will be exempted from deed tax, property tax, urban land use tax and six types of fees including registration fee for real estate.

The scope of VAT exemption for household services companies with contract-based employment will be expanded.

【国内英语资讯:China to boost community-based elderly care, childcare, household services】相关文章：

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