Nayib Bukele, President of El Salvador, the first country to accept Bitcoin (BTC) as a legal payment instrument, is taking action to reduce the tax on technological innovations to zero.
Nayib Bukele shared a social media post on March 24. in your post, To make El Salvador the center of technology He stated that he was ready to take an important step. Bukele will attend the congress next week. law draft and will be taken from all technological innovations within the scope of this bill. reduce tax to zero He emphasized that he aimed:
Next week, I will send a bill to Congress to eliminate all taxes (income, property, capital gains, and import tariffs) on technological innovations such as software programming, coding, applications, and artificial intelligence development.
Binance CEO Changpeng Zhao (CZ) His response on the subject was not delayed. Bukele’s post quoting CZ, Binance‘s Customer Support Center has been established in the last year and accordingly An employment of 60 personnel stressed that it provides CZ goes on to say let’s do more He drew an image supporting Bukele.
Bukele, who took on an important character for the crypto community when he made Bitcoin the legal currency of El Salvador in 2021, also has another project called “Bitcoin City”.
Bukele is also in the Bitcoin City project. income tax, property tax, purchase tax It was stated that there would be no such tax items. It seems that Bukele plans to expand the “Tax-Free El Salvador” vision across the country to pave the way for innovations.