Caterina
Sat Jun 08 2024
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5 answers
709
Is El Salvador tax free country?｜Individual taxpayers are subject to tax on El Salvador source income only at progressive rates of up to 30%. Capital gains are taxed at 10%.
Is El Salvador a tax-free country, or are there certain tax obligations for its residents? I understand that individual taxpayers in El Salvador are taxed on income generated within the country, but could you elaborate on the specific tax rates? Are they fixed or progressive? And what about capital gains? Are they taxed differently, and if so, at what rate?
KabukiPassion
Sat Jun 08 2024
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5 answers
986
Which country Bitcoin is legal?｜As of now, El Salvador and the Central African Republic (CAR) are the only two countries in the world where Bitcoin functions as a legal currency.
Could you please elaborate on the status of Bitcoin's legality around the globe? As I understand, currently only a couple of countries recognize it as a legitimate form of currency. Could you specify which these countries are? Are there any other nations that are considering or in the process of legalizing Bitcoin? Also, do you foresee any potential changes in this regard in the future, perhaps with more countries adopting Bitcoin as a legal tender?
