Colombian Senate committee rejects proposed online gambling tax increase
Colombia's Senate Fourth Commission rejected the government's tax reform proposal on 9 December, voting nine to four against it. The proposal included 19% VAT on gambling and aimed to raise COP16.3 trillion for the 2026 national budget; Finance Minister Germán Ávila said the government would assess other measures to meet fiscal targets.
The rejection leaves the proposed 19% VAT increase on gambling out of this tax reform, while the government considers other fiscal measures.