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coinpedia
2023-05-05 05:55:14

El Salvador Removes Taxes on Tech Innovations and Growth

El Salvador Removes Taxes on Tech Innovations and Growth

The post El Salvador Removes Taxes on Tech Innovations and Growth appeared first on Coinpedia Fintech News The Innovation and technology manufacturing incentives act has been officially approved by President Bukele in El Salvador. On May 4, president Bukele shared a tweet stating that the law eliminates taxes on technological advancements such as software coding and hardware production. El Salvador achieved a groundbreaking milestone by designating Bitcoin as an official currency. Furthermore, …

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