In a recent #announcement , the newly introduced Reverse Charge mechanism will enable the taxes to be directly debited from the transaction amount before it is credited to the recipient’s wallet. This change eliminates the need for senders to pay extra taxes which makes it convenient for the developer and the end user.

In this system, the tax is directly removed from the transferred amount so that there is no need for complicated tax management by developers of dApps and interfaces. The new tax system also supports backward compatibility hence dApps can still use sender-side taxation should they wish to do so.

This is expected to positively impact the existing #TerraClassic users, as well as the developers from other ecosystems who struggle with the integration of the current tax logic into their applications.

#MicrosoftBitcoinRejection