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High levels of sales were registered during the third day without VAT in the country, as stated by Fenalco, who highlighted that the day exceeded the sales levels registered during the two days without VAT, held on June 19 and July 3.
“Based on the previous results we registered an extraordinary behavior above the expectations that were had in this regard”Stated Jaime Alberto Cabal, president of Fenalco.
(It may interest you: Long virtual lines are reported on the third day without VAT)
Likewise, the federation highlighted that e-commerce posted sales growth of 25 percent, with respect to the second day that took place this year, as well as an increase of 111 percent in electronic invoicing compared to the same period.
The third day of the day without VAT generally passed normally and no large crowds were reported, such as those that occurred on the first day without VAT.
(Plus: Day without VAT: guide to buying online faster)
“The only mole that has unfortunately appeared is in the streets of San Victorino in Bogotá, where informal vendors have not respected the guidelines required by the National Government. This cannot compromise the results of this day in which formal commerce has fulfilled, ”Cabal said.
On the other hand, The national government indicated that there was a growth in transactions of more than 30% and of values in sales of approximately 13%, compared to the second day.
(Also: What cell phones will be tax-free on the day without VAT?)
This Saturday, 159 shopping centers and more than 3,500 commercial establishments were part of the tax discount day.
The only mole that has unfortunately appeared is in the streets of San Victorino in Bogotá, where informal vendors have not respected the guidelines
On the other hand, the online payment platform PayU pointed out that accumulated sales of 244 billion pesos were reported.
(We recommend you read: These are the guidelines for the third day without VAT in Colombia)
“The large chain stores continue to be the protagonists with more than 70% of total sales, especially in household appliances. Compared to a normal day in November, the growth is more than 220% vs. the first day without VAT at the same time“said Carlos Fajardo, PayU Latam marketing manager.
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TIME