- President Gustavo Petro is pushing to maintain a 19% VAT on online gambling to address fiscal pressures and support his political agenda ahead of the 2026 election.
- The Constitutional Court has temporarily suspended the tax, questioning whether emergency powers were properly used to implement it.
- The government is seeking alternative legal ways to reinstate the tax, as it is crucial for funding Petro’s social spending plans.
- The VAT on gambling was expected to generate significant revenue (COP 26–30 trillion), vital for the 2026 budget and Petro’s political legacy.
- The move faces industry pushback and comes as Colombia’s online gambling sector, previously growing, now faces new challenges.
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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