- Colombian gambling operators have criticized the government’s decision to maintain a 19% VAT on online gambling as part of a tax reform bill. Fecoljuegos argues that the tax is based on a misunderstanding of online gambling stakes, as deposits are recycled and do not constitute added value. They claim the tax is unsustainable and could lead to reduced competitiveness and increased illegal activities. Asojuegos warns the measure could decrease contributions to healthcare and drive users to unregulated platforms. They are open to discussions with the government to find a sustainable solution.
Source: focusgn.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.
Latest Posts in "Colombia"
- Colombia DIAN Seeks Public Feedback on Draft Fiscal Reconciliation Reporting Amendments
- Colombia Advances Bill to Modernize Customs Sanctions and Strengthen Anti-Smuggling Measures
- Colombia Proposes AI-Driven Customs Reform to Modernise Sanctions and Enhance Legal Certainty
- Collaboration Agreements Do Not Trigger VAT Liability, DIAN Clarifies in 2025 Guidance
- Colombia’s E-Invoicing and E-Reporting: Regulations, Requirements, and Key Implementation Milestones
