We learned from the State Administration of Taxation that in the first eight months of this year, the main current policies to support the development of health and health services totaled 245.4 billion yuan in tax cuts and fees. Among them, medical services provided by medical institutions are exempt from value-added tax and other policies that support the optimization of health services by 92.6 billion yuan; community pension, childcare, and domestic service institutions are exempt from value-added tax, and premium income obtained from health and old-age related personal insurance products is exempt from value-added tax, etc., to support the development of the health industry and the improvement of health insurance, with tax cuts and fees of 152.2 billion yuan. Thanks to the combined effects of preferential tax policies and other policies, the health and wellness industry is showing a relatively rapid development trend. According to VAT invoice data, in the first eight months of 2026, the sales revenue of the medical equipment and device manufacturing industry increased 16.9% year on year, the sales revenue of the health service industry increased 15.7% year on year, and the foundation for high-quality development in the health care sector continued to be consolidated.

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