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Fecoljuegos challenges Colombia’s 19% tax on online gaming deposits

Regulation

Colombian gaming trade group Fecoljuegos criticised the 19% tax on deposits made through online gaming sites under the government’s economic emergency decree. President Evert Montero said taxing deposits rather than bets or net revenue could distort operators’ financial measures and push players towards illegal sites; he said the group had submitted proposals for a permanent tax based on income to the Finance Ministry.

The tax’s basis could affect operators’ costs and their exposure to competition from unregulated gambling.

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Fecoljuegos prepares differentiated tax proposal for Colombia’s gambling sector

Fecoljuegos is preparing a tax counterproposal to Colombia’s proposed Economic Rescue Law and plans to present it to the Ministry of Finance and Congress’s economic commissions, according to the report. The federation seeks different tax obligations for online and land-based gambling; its proposal remains under technical review, with no rates or percentages publicly set. The bill’s Article 41 proposes 19% VAT on gambling, including online betting.

Colombia's gambling federation Fecoljuegos is preparing a tax counterproposal to the Economic Rescue Law bill presented by the government. The proposal is under technical review and is to be presented to the Ministry of Finance and the economic commissions of Congress. Fecoljuegos has not publicly set the rates or percentages that the proposal will contain.

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