By Rodrigo Ibarrola
After months of uncertainty, the Executive Power finally vetoed completely the Law that would have allowed service providers to deduct Value Added Tax (VAT) on purchases of food products, clothing and other items that would not usually be deductible under the current law, unless they are related to the service provided. On the other hand, it issued a decree allowing a partial deduction of up to 30%. The bill returns to Congress, where both chambers must decide whether to accept the veto or ratify its initial sanction. Deputies accepted the veto, only the ratification of the Senate remains.