Colombian government proposes 19% VAT on gambling operations
Colombia’s government has proposed a 19% VAT on gambling operations, including casinos, slot machines, bingo and online betting, while exempting traditional lotteries, according to reports. The bill sets tax bases by gambling format and aims to raise about COP40bn to address public debt and the fiscal deficit. Congress must debate the proposal.
The proposed tax would change operators’ tax bases across land-based and online gambling in Colombia.