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Colombia imposes 19% VAT on online gambling deposits under decree

Regulation

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.

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