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In June, consumption moderated despite a VAT-free day with a significant positive impact. Spending on services slowed the most. Still, consumption growth remains at high rates.
The third day without VAT that we had in the country had a significant positive effect on private consumption, in addition the data gives a break to trade due to its dynamism after a drought of good news in times of pandemic.
The bill covers three main issues: VAT reform, a marginal increase in the tax burden on the highest earners, and a reduction in the tax burden on businesses.
