Support measures for three child policy
To encourage larger families, China has introduced a special additional education expense tax deduction. According to the decision on “optimizing the family planning policy”, taxpayer parents with children under the age of three can now enjoy a deduction for Individual Income Tax (IIT) of RMB 1000 a child per month.
Previously, the tax policy only applied to taxpayer parents with children over the age of three. China’s three child policy was introduced on May 31, 2021.