El Salvador’s Congress authorised a reform to take away revenue taxes beforehand imposed on cash from overseas.
- the goal of the change is to draw extra overseas funding.
Cash from overseas, corresponding to remittances and investments in firms will now be exempt from tax.
Information through Reuters, just a little extra here.
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After doubts about President Nayib Bukele and his transfer of the nation to Bitcoin this man is kicking ass.
He stated not too long ago on Twitter that the nation generates 4 extra sources of Bitcoin income for the federal government, together with:
- Income from its passport program
- Earnings generated from Bitcoin mining
- Earnings from serving to native companies convert BTC to USD
- Income from undisclosed authorities companies
