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The Terra Luna Classic community passed the "Implementation of Simplified Tax Handling Procedures" proposal

The Terra Luna Classic community passed the "Implementation of Simplified Tax Handling Procedures" proposal

Bitget2024/11/03 10:45

The Terra Luna Classic community has passed the "Implementation of Simplified Tax Processing Procedures" proposal with a 93.43% approval rate. 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 recorded in the recipient's wallet, so DApp and interface developers do not need to carry out complex tax management.

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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.

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