Terra Luna Classic community approves proposal to implement simplified tax processing procedures
the Terra Luna Classic community has approved a proposal for "implementing simplified tax processing procedures" with a support rate of 93.43%. The proposal aims to simplify the tax system on the Terra Classic chain. The reverse charge mechanism will deduct taxes directly from the transaction amount before it is credited to the recipient's wallet, so DApp and interface developers do not need to engage in complex tax management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise: Bitcoin could fall further in the coming weeks
ICP falls below $10
Commerzbank: The Fed is likely to skip rate cuts in January next year