President Nayib Bukele announced this Thursday night that it will send a bill to the Legislative Assembly to eliminate “all” taxes on technological innovations to allow the development of artificial intelligence (AI) in El Salvador.
“Next week, I will send a bill to Congress to eliminate all taxes (on income, property, capital gains and import duties) on technological innovations.” This is how Bukele wrote in English in a message on Twitter.
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Next week, I’ll be sending a bill to congress to eliminate all taxes (income, property, capital gains and import tariffs) on technology innovations, such as software programming, coding, apps and AI development; as well as computing and communications hardware manufacturing.
— Nayib Bukele (@nayibbukele) March 24, 2023
He pointed out that some of the technological innovations will be “Software programming, coding, applications and AI development. As well as the manufacture of computing and communications hardware”.
The Salvadoran president did not provide more details about the proposal that he will present before Parliament, with an official majority. He also did not specify what else is sought with it.
