El Salvador: Foreign Investors Exempted From Tax on Bitcoin Profits
© Copyright Image: News – CoinQuora – Latest Cryptocurrency and Block
- Recently, El Salvador made Bitcoin a legal tender within its borders.
- To attract global crypto firms, El Salvador exempts foreign nations from tax on Bitcoin.
- President Nayib Bukele’s legal adviser made the announcement last Friday.
El Salvador surprised the world recently when it announced the country will acknowledge Bitcoin as a legal tender. Adding more to the surprises, El Salvador also declared that it will exempt foreign investors from tax on Bitcoin profits.
JUST IN – El Salvador to exempt foreign investors from tax on #Bitcoin profits.
“There will be no taxes to pay on either the capital increase or the income.” pic.twitter.com/c8KV655eU8
— Bitcoin Magazine (@BitcoinMagazine)
Read more: https://coinquora.com/el-salvador-foreign-investors-exempted-from-tax-on-bitcoin-profits/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
