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Colombia imposes 16% tax on online betting deposits, Fecoljuegos says

Regulation

Colombia enacted Decrees 0240 and 0241 under an economic emergency regime, introducing a 16% consumption tax on online gambling deposits, according to the report. Fecoljuegos president Evert Montero Cárdenas criticised the measure, citing uncertainty over the taxable base and a discrepancy with projected 19% VAT revenue; he said the tax could undermine regulated operators’ competitiveness.

The deposit-based tax and disputed calculation could affect the operating costs and competitive position of licensed betting companies.

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Regulation

DataReportal study puts South Africa first for online gambling participation

A DataReportal study of internet users aged over 16 found that South Africa had the highest online gambling participation, at 32.3%, followed by Norway at 31.2%. The report also cited estimates of $105 billion to $121 billion for the global digital betting market and said Colombia had more than 10.8 million registered active accounts.

A DataReportal study of internet users aged over 16 found that South Africa had the highest online gambling participation, at 32.3%, followed by Norway at 31.2%, according to the report. The percentages refer to surveyed internet users rather than the whole population of each country.

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