Loyra and Martínez Quintero discuss Colombia’s online gambling tax and regulatory risks
Loyra Abogados and Martínez Quintero, Mendoza, González Laguado & De La Rosa held a breakfast event on Colombia’s online gambling regulation, according to a media report. Participants discussed the 19% VAT on platform deposits, which the report says the Colombian government had implemented, and its potential effects on legal-market channelling and investment. Martínez Quintero partner Juan Camilo Varón argued that taxing deposits could push players towards unregulated sites.
The reported deposit tax and its effects are relevant to operators assessing Colombia’s regulated online gambling market.