LUNC News: OrbitLabs Proposes Testing for New Terra Classic’s Tax Mechanism

Quick Summary:

LUNC News: OrbitLabs has proposed a thorough review of the new “Reverse Charge” tax system on Terra Classic.

This tax mechanism aims to simplify tax handling on the blockchain by deducting taxes from the recipient rather than the sender.

In this case, the organization has committed to working closely with Terra Classic developers and community members to resolve any issues that arise during testing.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Terra Classic 24/7 Cryptocurrency News LUNC News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 20:38:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23465198

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 38 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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