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Terra Luna Classic community approves proposal to implement simplified tax processing procedures

Terra Luna Classic community approves proposal to implement simplified tax processing procedures

CointimeCointime2024/11/03 09:11
By:Cointime

 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.

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