El Salvador's Congress has voted to pass a significant reform to the income tax law, reducing the tax rate from 30% to 0% for international investments and money transfers. This legislative change, aimed at attracting global wealth to the country, eliminates income taxes on investments from overseas and remittances. The move is seen as a bid to draw more capital and wealthy foreigners to El Salvador, potentially including Bitcoin investors seeking tax advantages.
El Salvador removes income taxes for money from abroad https://t.co/I9NbVrpApP https://t.co/EZWeqXOyxD
El Salvador eliminated income tax on investment from overseas and remittances to attract capital and wealthy foreigners https://t.co/bMDimLfGYJ
El Salvador eliminated income tax on investment from overseas and remittances to attract capital and wealthy foreigners https://t.co/gkowxxyB8Q
π¨ BREAKING π¨ πΈπ» El Salvador's Congress have approved a law to reduce income tax from 30% to 0% for all international investments and money transfers.This is to draw more global wealth to the country. This could mean Bitcoin investors moving to the country for no taxes π₯ https://t.co/NPQPmOGswO
JUST IN: πΈπ» El Salvador voted to drop their income tax from 30% to 0% for money transfers and international investments. https://t.co/2vMmwE5BAG
JUST IN: πΈπ» El Salvador's Congress approves a reform to income tax law, reducing rates from 30% to 0% for international investments and money transfers π This move is expected to draw even more global wealth to the country π https://t.co/auuIfyk6bd
Maybe itβs time to move to El Salvador π€ https://t.co/cMOUx9uxAe
Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%. La Asamblea ha reformado la ley del impuesto sobre la renta, para inversiones internacionales y transferencias de dinero, bajando la tasa del 30% al 0%. https://t.co/YRDVegSbb5