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Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Enacts Crypto Tax Normalization

2024-07-22 by admin Leave a Comment

Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Regulates Crypto Tax Regularization

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele […]

President Bukele Eliminates Basic Food Products’ Import Duties for a Decade In El Salvador

2024-07-19 by admin Leave a Comment

President Bukele Eliminates Basic Food Basket Products' Import Duties for a Decade In El Salvador

President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that this will exacerbate reliance on imports, […]