.cz_binance supports nayibbukele decision to introduce new tax policy for tech companies
. The bill will target income, property, capital gains and import tariffs associated with software programming, coding, apps, artificial intelligence development, and computing and communications hardware manufacturing.
Bukele's move to create a more tech-friendly environment is expected to attract more international investments and stimulate the country's growing technology sector.CEO Changpeng Zhao expressed his support for the initiative, highlighting that the cryptocurrency exchange had already established a Customer Support Center in El Salvador last year, employing around 60 staff members.
Next week, I’ll be sending a bill to congress to eliminate all taxes on technology innovations, such as software programming, coding, apps and AI development; as well as computing and communications hardware manufacturing.El Salvador has been actively embracing technology and digital assets, most notably becoming the first country to adopt Bitcoin as legal tender in September 2021.
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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.
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