On Thursday night (23), El Salvador's President Nayib Bukele announced via Twitter that he would present a bill to Congress next week that aims to zero taxes on activities related to technological innovations.
The measure includes eliminating taxes on income, property, capital gains, and import tariffs on technological innovations, such as software programming, coding, applications, artificial intelligence development, and computer and communications hardware manufacturing.
Bukele is known to be a big proponent of Bitcoin, and in September 2021, he made the cryptocurrency legal tender in El Salvador.
This country was the first to adopt the measure and was followed . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here