Premier Li Keqiang chaired a State Council executive meeting on May 29, 2019. The meeting decided that China will take more steps to boost community-based elderly care, childcare and domestic services, including greater policy incentives in taxes and fees.
Between June 1, 2019 and the end of 2025, revenue from community-based elderly care, childcare and domestic services will be exempted from the value-added tax, and enjoy a 10-percent deduction in taxable income. Those providing real estate or land for any related 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 domestic services companies with contract-based employment will be expanded.