The president intends to introduce legislation that would eliminate all taxes on technological innovations as well as computing and communications hardware manufacturing etc.
This program is a part of the Bukele administration's larger initiatives to modernize the nation's economy and lessen its reliance on conventional sectors like industry and agriculture. If the bill is passed, El Salvador might become a desirable location for tech firms and startups looking to set up businesses in Central America.Although it is not yet known if this regulation would apply to bitcoin applications, El Salvador is recognized for being bitcoin-friendly, and in 2021 it will become the first country to legalize cryptocurrencies.
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El Salvador President Nayib Bukele to Introduce Bill Eliminating Taxes on Technology InnovationsEl Salvador's bitcoin-friendly president nayibbukele said he will introduce a bill to eliminate all tax for technology innovations next week. camomileshumba reports nayibbukele camomileshumba That’s why developing countries will dominate in the real near future. nayibbukele camomileshumba Where una dey see una own presidents. Where una dey bomb. nayibbukele camomileshumba Bulls have been Defending the 28k Crucial Support If Bitcoin Remains above the Support,It Might go up to 30k If Support Breaks,It Could Retest the 25k Support Area Y’all follow _moonb24 he’s a super underrated Bitcoiner I’ve have been following his tweets and TA closely
Source: CoinDesk - 🏆 291. / 63 Read more »
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology InnovationsThe bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
El Salvador president readies bill to eliminate taxes on techEl Salvador's President Nayib Bukele said on Thursday he will send to the country's Congress next week a bill to eliminate all taxes on technology innovations as well as computing and communications hardware manufacturing. 🙂 Nice
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