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No Taxes in El Salvador By CoinTelegraph

Bitcoin Investors: No Taxes in El Salvador

The government of El Salvador wants to exempt investors from capital gains tax and income tax (BTC), a legal adviser to the president said.

Javier Argueta, a legal advisor to President Nayib Bukele, wants to attract foreign investors with substantial Bitcoin tax breaks, Agence France-Presse reported in September.

“If someone has a fortune in Bitcoin and makes high profits, no tax is due. With this, of course, we want to encourage foreign investment,” said Argueta. He added that El Salvador would not levy taxes, “neither on capital appreciation nor on income”.

Read on on Cointelegraph

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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.


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