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October 29, 2021
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Balance of the day: sales on the day without VAT exceed goals

Balance of the day: sales on the day without VAT exceed goals

The first day without VAT left sales for more than $ 7.9 billion (as of 8 pm) with a growth of 420%, compared to the last promotion date of last year.

This amount exceeds the $ 6 trillion goal that merchants had set for themselves. through the National Federation of Merchants, Fenalco.

(Minute by minute of the day without VAT: sales exceeded $ 7.9 billion).

For their part, virtual platforms carried out more than 1.2 million transactions for $ 688,000 million, in such a way that the goal that the Colombian Chamber of Electronic Commerce (CCCE) had programmed of S300,000 million was doubled.

The preliminary report was presented by the Minister of Commerce, Industry and Tourism, María Ximena Lombana, missing a few hours until the day of discounts will end.

Computers, peripheral equipment, household appliances and clothing top the list of products most in demand, he explained.

Day without VAT would have effects on collection and tax culture).

Bogotá, Antioquia, Valle, Cundinamarca and Atlántico became the most active areas in purchases for this day.

In terms of public order and citizen behavior, the Minister stressed that the day passed without any alteration, while congratulating each of the actors who participated to ensure the smooth running of this first day without VAT.

“We have a more prepared business, thanks to the lessons learned from the previous year, both in the management of online sales and in the issuance of electronic invoices”, commented the president of Fenalco, Jaime Alberto Cabal, predicting that the next sessions, on November 19 and December 3, will also be successful.

Regarding the results of sales by electronic platforms, the president of the CCCE, María Fernanda Quiñones, explained that compared to the first day without VAT in 2020, the value of transactions increased 116%

Compared to the second day without VAT of 2020, the value of transactions increased 45%, and when compared with the third day without VAT of 2020, the value of transactions is 15% below.

“Consumer interest in products and brands participating in the day without VAT showed a growth of 395.4% compared to the October average”said the guild. Likewise, it reported a peak of purchases by platforms towards noon.

BRIEFCASE

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