SEPOY.net
No Result
View All Result
Saturday, July 19, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

Tax exemption for the tech sector in El Salvador: Nayib Bukele keeps his promises

Nicholas by Nicholas
April 1, 2023
in Crypto
0
Tax exemption for the tech sector in El Salvador: Nayib Bukele keeps his promises

As he announced a few days ago, Nayib Bukele, President of El Salvador, presented his bill to exempt companies in the technology sector from taxes. What are the key points of this text?

READ ALSO

押収暗号資産を巡る NCA 職員の不正行為と Chainalysis の分析

2025 年上半期暗号資産犯罪動向速報:北朝鮮による盗難資金が過去最大規模に

https://cryptoast.fr/feed/

Exonération de taxes pour le secteur technologique au Salvador : Nayib Bukele tient ses promesses

Nayib Bukele wants to abolish taxes to encourage innovation in El Salvador

While on March 24, the President of El Salvador, Nayib Bukele, announced that he would present a bill relating to tax cuts in the technological sector to promote innovation, said project was submitted this week to the Asamblea Legislativa :

Done ✅ https://t.co/5CD6l3xJlC pic.twitter.com/vzKJ5rI3qv

—Nayib Bukele (@nayibbukele) March 31, 2023

This law project also concerns blockchain companiestaking into account that among all the eligible sectors detailed in article 6, natural or legal persons working in distributed ledger technologies are mentioned.

More broadly, this also concerns areas such as artificial intelligence, programming, data analysis, or various technological industries such as robotics and semiconductors, to cite just a few examples from this long list.

It was María Luisa Hayem, El Salvador’s Minister of Economy, who presented this law to the country’s parliamentarians:

“At the request of President Nayib Bukele, we are bringing an initiative that will foster innovation in the country’s technology sector. With the initiative of the Act for the Promotion of Technological Innovation and Manufacturing, we seek to generate more sources of skilled jobs in the country, because technology is the future. »

👉 To go further — Make your cryptocurrency tax declaration easier with Waltio

💡 The tool that simplifies the declaration of your cryptocurrencies

10% off with code Cryptoast 🔥

toaster icon

🎧 Listen to this article and all other crypto news on Spotify

What are the key points of this bill?

Among the tax exemptions proposed by this bill, we can cite income taxes, local taxes, those on capital gains as well as import taxes.

These exemptions will be valid for a period of 15 years from the day on which the Ministry of the Economy has validated the eligibility of the company in question. Only the fields of activity mentioned in article 6 are eligible for these provisions, consequently, if a company has several sectors of activity, these facilities will only apply to the fields concerned.

The clearly stated objective is to make El Salvador a stronghold in the technological fieldin order to gain worldwide recognition and promote job creation.

Whether through this initiative, or through his assumed interest in Bitcoin (BTC), President Bukele is making resolutely forward-looking choices. If these bets are successful, this could give El Salvador a place of choice on the international economic scene in the years to come.

👉 Also in the News — Silk Road: US Government Sold Over $215 Million worth of Bitcoin (BTC)

🎁 Cryptoast Research Launch Offer

1st Newsletter Free with the code TOASTNL

toaster icon

Sources: Asamblea Legislativa, bill

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

author profile picture

I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.

Vincent Mayor

565 items


Related Posts

押収暗号資産を巡る NCA 職員の不正行為と Chainalysis の分析
Crypto

押収暗号資産を巡る NCA 職員の不正行為と Chainalysis の分析

July 19, 2025
2025 年上半期暗号資産犯罪動向速報:北朝鮮による盗難資金が過去最大規模に
Crypto

2025 年上半期暗号資産犯罪動向速報:北朝鮮による盗難資金が過去最大規模に

July 19, 2025
Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance
Crypto

Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance

July 18, 2025
How to migrate your cryptos on another blockchain with a bridge?
Crypto

How to migrate your cryptos on another blockchain with a bridge?

July 18, 2025
How to maximize your yields on the USDC thanks to an AI agent?
Crypto

How to maximize your yields on the USDC thanks to an AI agent?

July 18, 2025
Soon stuking on Etf Ethereum? The Nasdaq makes an official request for the Etha de Blackrock
Crypto

Soon stuking on Etf Ethereum? The Nasdaq makes an official request for the Etha de Blackrock

July 18, 2025
Next Post
Dogecoin (DOGE): Elon Musk calls for the 8 billion lawsuit against him to be dropped

Dogecoin (DOGE): Elon Musk calls for the $258 billion lawsuit against him to be dropped

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Da Vinci Diamonds Twin Gamble Position Comment 94 3% RTP IGT 2025
  • Happy Leprechaun Position gonzos quest slot no deposit opinion from MicroGaming
  • Cleopatra Totally free Ports Enjoy Gambling enterprise Online game On the web Zero Download

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net