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Fecoljuegos criticises Colombia’s 19% tax on online gambling deposits

Regulation

Fecoljuegos warned that Colombia’s emergency economic decree maintains a 19% levy on deposits to online gambling platforms. The association said taxing deposits rather than wagers could prompt players to use informal operators, and proposed calculating a final tax on revenue after prizes are paid; it said the sector already contributes 15% of its revenue to Colombia’s health system.

The deposit-based levy may affect regulated operators’ costs and players’ choice of gambling platforms in Colombia.

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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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