Colombia imposes 19% VAT on online gambling deposits under decree
Colombia's government removed the VAT exemption for online gambling under a decree issued during the state of internal commotion in Catatumbo. The measure applies a 19% rate to user deposits; Fecoljuegos said the sector's total tax burden could reach 70.5% and called for a gradual transition plan.
Operators must adapt deposit charging and billing systems within the five working days cited in the decree, according to Fecoljuegos.