El Salvador President to Eliminate All Taxes on Technology Innovations: A Game Changer? President Nayib Bukele is making waves again, this time with a bold move that could position El Salvador as a global tech hub. In a groundbreaking move, President Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador's congress eliminating all taxes on both software and hardware technology.

El Salvador's President Nayib Bukele said on Thursday he will send to the country's Congress next week a bill to eliminate all taxes on technology innovations. This initiative, as promised, Bukele sent a bill to Congress that effectively eliminates all income, property, and capital gains taxes on tech innovations “such as software programming.” The implications of this tax overhaul are enormous.

The bill aims to create a fertile ground for tech startups, attracting foreign investment and fostering local talent. This bold strategy by President Nayib Bukele could significantly boost El Salvador's economy and solidify its position as a leader in technological advancement in Central America. What does this mean for the future of tech in El Salvador?

This sweeping tax exemption covers a wide range of technological activities, potentially attracting developers, entrepreneurs, and investors seeking a tax-friendly environment. Is this the beginning of a new Silicon Valley in Central America? Keep up-to-date with the latest developments on this revolutionary bill and its impact on El Salvador's tech sector.