SectorWire
SearchGet the daily briefing
Menu

Colombia reinstates 16% tax on online gambling deposits

Regulation

Colombia’s government reintroduced a 16% consumption tax on deposits made by bettors using online games of chance, under emergency decrees signed by President Gustavo Petro. The levy applies to local services provided by operators based in Colombia or abroad, and the government said it was responding to severe flooding in eight provinces.

Online operators serving Colombia face a new deposit tax in addition to the stated standard gambling tax.

Request a correction

Keep reading

Regulation

Quaest poll puts bets and social media at 7% as source of hope nationwide

A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.

Continue reading