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Colombian gambling industry criticizes government for maintaining a 19% VAT on online gambling: damages competitiveness and fosters illegal market.

Colombian gambling industry criticizes government for maintaining a 19% VAT on online gambling: damages competitiveness and fosters illegal market.

The Colombian government has decided to maintain a 19% VAT rate on online gambling and set it as a permanent policy. This measure, included in the latest tax reform bill, has sparked strong opposition from domestic gambling operators.Industry Association Criticism: Fundamental Error in Tax Base Sele

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Colombian Tax Reform: 19% VAT May Impact Online Gambling Revenue and Public Resource Allocation

Colombian Tax Reform: 19% VAT May Impact Online Gambling Revenue and Public Resource Allocation

Colombia's administrative department, through the Ministry of Finance, has submitted a new tax reform bill to Congress, planning to impose a 19% value-added tax on casinos and online gambling. This bill is a continuation of last year's failed financing bill, aimed at funding the 2026 budget while ma

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Fecoljuegos calls for an informed debate on the gambling sector

Fecoljuegos calls for an informed debate on the gambling sector

From the Colombian Federation of Entrepreneurs of Games of Chance and Luck, it was assured that uninformed generalizations only generate uncertainty in the market.Colombia.- The gambling industry is under scrutiny in Colombia and therefore, the guilds consider it important to defend a market that is

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The Colombian gambling trade organization warns that the added value tax may cause operators to exit.

The Colombian gambling trade organization warns that the added value tax may cause operators to exit.

The Colombian Gaming and Betting Trade Association (Fecoljuegos) has harshly criticized the government for imposing a 19% Value Added Tax (VAT) on gambling, warning that this move could lead to operators exiting the market.The Colombian government issued Decree No. 0175, temporarily removing the VAT

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The government of Colombia could permanently implement the new tax for online gambling.

The government of Colombia could permanently implement the new tax for online gambling.

The measure, initially planned as temporary, involves the removal of the VAT exemption on gambling, in addition to two new taxes in other areas with the aim of financing the humanitarian crisis in Catatumbo.Colombia.- From the Ministry of Finance of Colombia, it was announced that the government of

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Illegal raffles in Colombia: Fecoljuegos demanded that measures be taken against the influencer Javier Arias

Illegal raffles in Colombia: Fecoljuegos demanded that measures be taken against the influencer Javier Arias

The Colombian Federation of Games of Chance and Luck sent a letter to Coljuegos demanding that measures be taken to combat these illegal operations.Colombia.- The Colombian Federation of Games of Chance and Luck (Fecoljuegos) raised to the Colombian gaming regulator, Coljuegos, their concerns about

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Colombian sports betting expected to rise by 40% during Copa America

Colombian sports betting expected to rise by 40% during Copa America

Until July 14, the Copa America, the most important soccer national teams competition in the continent, will be held in the United States. According to estimates from the Colombian gaming trade association (Fecoljuegos), the event will have a strong impact on the sports betting industry. Based on a

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