El Salvador President Nayib Bukele to Introduce Bill Eliminating Taxes on Technology Innovations
Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador's congress eliminating all taxes on both software and hardware technology innovations. Next week, I’ll be sending a bill to congress to eliminate all taxes (income, property, capital gains and import tariffs) on technology innovations, such as software programming, coding, apps and AI development; as well as computing and communications hardware manufacturing.— Nayib Bukele (@nayibbukele)
March 24, 2023
It is unclear yet if this measure will extend to bitcoin (BTC) applications, but El Salvador and its presiden