- Colombia’s Congress rejected the government’s proposed tax reform, which included VAT on online gaming.
- The decision provides tax relief and greater stability for online gaming operators and suppliers in Colombia.
- The government now faces a COP 16.3 trillion budget shortfall for 2026 and must seek alternative funding.
- The gaming sector welcomed the outcome, avoiding new taxes that would have impacted their business models.
- The proposed reform also included a progressive wealth tax, but all related measures were rejected by Congress.
Source: sigma.world
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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