- Colombia shifted its 19% online gambling VAT from player deposits to gross gaming revenue (GGR).
- The change addresses industry criticism that taxing deposits harmed legal operators and inflated tax burdens.
- GGR is now defined as total wagers minus prizes paid, aligning taxation with actual operator earnings.
- The combined tax burden is now about 34% of gross revenue, still high but more manageable for legal operators.
- Industry group Fecoljuegos welcomed the reform as a significant improvement but emphasized it is only a first step.
Source: igamingtoday.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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