{"id":77519,"date":"2023-04-19T19:28:08","date_gmt":"2023-04-19T16:28:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77519"},"modified":"2025-09-10T23:46:51","modified_gmt":"2025-09-10T20:46:51","slug":"el-salvador-approves-15-year-tax-breaks-for-tech-companies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/el-salvador-approves-15-year-tax-breaks-for-tech-companies\/","title":{"rendered":"El Salvador approves 15-year tax breaks for tech companies"},"content":{"rendered":"

The Salvadoran Legislative Assembly approved a bill granting tax incentives to local tech-sector companies for 15 years. Reuters<\/a> reports.<\/p>\n

The incentives apply to software and application developers, manufacturers of computing and communications equipment, as well as companies in the field of artificial intelligence.<\/p>\n

The document calls for the elimination of taxes on profits, property, imports, and capital gains. At the end of March, Salvadoran President Nayib Bukele announced a bill<\/a>, which he sent to Congress for consideration.<\/p>\n

\n

“Tax exemption promotes the development of the country\u2019s technology sector and manufacturing, which will help the emergence of a new industry,” said legislator Rodrigo Ayala.<\/p>\n<\/blockquote>\n

Earlier, Bukele published a vintage poster calling for people to relocate to El Salvador<\/a>. It lists the benefits of the country, including a low crime rate, the absence of mass killings and looting, and superb beaches, weather, and coffee.<\/p>\n

As reported in September 2021, Salvadoran authorities recognised Bitcoin<\/a> as legal tender. The International Monetary Fund criticised<\/a> the decision and recommended<\/a> stripping the cryptocurrency of that status.<\/p>\n

In July 2022, the country\u2019s finance minister Alejandro Zelaya said that the introduction of digital gold expanded access to financial services<\/a> for a largely unbanked population, attracted tourists<\/a> and investments<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Salvadoran Legislative Assembly approved a bill granting tax incentives to local tech-sector companies for 15 years.<\/p>\n","protected":false},"author":1,"featured_media":77520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1278,558],"class_list":["post-77519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-el-salvador","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77519"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77519\/revisions"}],"predecessor-version":[{"id":77521,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77519\/revisions\/77521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77520"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}