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Reuters
Reuters
Business

Salvadoran lawmakers pass tech tax cut, including for AI businesses

FILE PHOTO: El Salvador's President Nayib Bukele participates in the inauguration ceremony of a youth community center, in Mejicanos, El Salvador January 17, 2023. REUTERS/Jose Cabezas

El Salvador's ruling party lawmakers approved late Tuesday a bill to eliminate for 15 years taxes on companies developing artificial intelligence (AI) and other computer programming work in a bid to make the country a more attractive tech destination.

The tech tax cut was championed by President Nayib Bukele, who first touted the legislation late last month.

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