July 06, 20 - 10:15 am - LABS

E-commerce gains ground on second free-VAT day in Colombia

On the second of three days without Value Added Tax (VAT) promoted by Colombia’s federal government on July 3, e-commerce was the protagonist. According to Jaime Alberto Cabal, president of National Trade Federation (Fenalco), e-commerce sales rose from 40% to 60% of total sales compared to the first day. Read more about it.