- Colombia plans to maintain a 19 percent VAT on online gambling deposits as a permanent measure.
- The VAT was initially introduced as a temporary measure to support humanitarian and security efforts.
- The tax is part of a broader strategy to raise funds from targeted sectors.
- DIAN argues that the VAT is necessary for tax justice and fiscal consistency.
- The measure has caused political tension, with critics fearing it could harm the digital economy and drive consumers to unregulated platforms.
- The government aims to level the fiscal playing field between traditional and digital sectors.
- The final decision on the VAT may depend on President Petro, amid pressure to unify his coalition.
- The Ministry of Finance will release the full Tax Budget Proposal by the end of July.
Source: igamingexpert.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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