On March 29, childcare services and the concept of three-children were among the top gainers. As of press time, the daily limit of Baby Room and Megim, and many stocks such as Kidswant, Golden Rabbi, and Vitron shares followed suit.
On March 28, the State Council issued a notice on the establishment of a special additional deduction for personal income tax for the care of infants and young children under the age of 3: the taxpayer's expenses related to the care of infants and children under the age of 3 will be deducted at a fixed rate of 1,000 yuan per month for each infant.
Parents can choose to deduct 100% of the deduction standard by one of them, or they can choose to deduct 50% of the deduction standard by both parties. The specific deduction method cannot be changed within a tax year.
The safeguard measures and other matters involved in the special additional deduction of individual income tax for the care of infants and young children under the age of 3 shall be implemented with reference to the relevant provisions of the Interim Measures for the Special Additional Deduction of Individual Income Tax.
The special additional deduction for personal income tax for the care of infants and young children under the age of 3 will be implemented from January 1, 2022.
CITIC Securities believes that according to the "Seven Census" data, China's birth rate will drop to 8.52‰ in 2020.
Following the clear direction of top-level policies, local governments have accelerated their efforts in areas such as education equity, female employment, maternal and child medical security, and housing security, and achieved breakthroughs in policies related to direct fiscal stimulus.
Guosen Securities said that under the general trend of continuous policy catalysis and consumption upgrading, the size of the maternal and infant market is still expected to achieve a structural increase in the future.