Colombia plans to impose a 19% VAT on online gambling, industry warns it may trigger a revenue and investment crisis.

The Ministry of Finance's proposed tax reform plan plans to impose a 19% VAT on online gambling platforms, causing widespread concern in the industry. The measure will take effect in February 2025, and operators criticize it for causing a decline in medical system revenue and threatening the sustain

Colombian gambling industry criticizes government for maintaining a 19% VAT on online gambling: damages competitiveness and fosters illegal market.

The Colombian government has decided to maintain a 19% VAT rate on online gambling and set it as a permanent policy. This measure, included in the latest tax reform bill, has sparked strong opposition from domestic gambling operators.Industry Association Criticism: Fundamental Error in Tax Base Sele

Colombian Tax Reform: 19% VAT May Impact Online Gambling Revenue and Public Resource Allocation

Colombia's administrative department, through the Ministry of Finance, has submitted a new tax reform bill to Congress, planning to impose a 19% value-added tax on casinos and online gambling. This bill is a continuation of last year's failed financing bill, aimed at funding the 2026 budget while ma

Over 80% of gambling in Santander, Colombia is illegal, severely impacting the public health financial system.

Sergio Entrena, the Minister of Finance for Santander Province in Colombia, recently warned in an interview with La Opinión that over 80% of gambling activities in the region are conducted through informal channels, leading to significant tax revenue losses that should have been allocated to the hea

Latin American Gambling Market Q2 Analysis: Strong Growth in Brazil, Tax Challenges Emerge in Colombia and Peru

As most operators have announced their Q2 financial results, the performance of the Latin American gaming market has attracted significant industry attention. Despite the continued boom in Brazil's online gaming market, tax pressures in Colombia and Peru still pose significant challenges to operator

Colombia will submit a tax reform proposal in August, with taxation on the gambling industry as a focal point.

Colombian Finance Minister Herman Avila recently announced that the government will submit a new tax reform proposal to Congress between August 15 and 20, 2025. One of the core elements of the proposal is the re-taxation of the gambling industry. This reform plan, named "Fiscal Agreement," aims to r

Coljuegos continues to combat illegal gambling activities in Armenia, Colombia, while also strengthening legal gambling operations!

Colombian Regulator: Strengthening Legal Gambling Promotion in Quindio Province, FullReto Owner Fined

This week, the Colombian regulatory authority Coljuegos held a regional outreach meeting in Armenia, Quindío Province, aimed at promoting the development of legal gambling and strengthening the crackdown on illegal gambling activities. The meeting brought together representatives from the national p

Coljuegos intensifies crackdown, severely shuts down illegal gambling devices in Colombia.

The Colombian gambling regulatory authority Coljuegos has recently intensified its crackdown on illegal gambling, conducting joint law enforcement actions in the provinces of Cundinamarca and Santander, seizing a total of 96 unauthorized gambling devices, including slot machines and online betting t

Codere Online withdraws from Colombia, optimistic about the market potential in Mexico and Panama.

Codere Online announced that due to the newly implemented 19% gambling VAT in Colombia impacting profit margins, the company has decided to exit the market. CEO Avi Shalel stated that the local growth momentum was "completely disrupted by tax policies".In contrast, the Mexican market has become a pi

Colombian gambling regulatory authority Coljuegos intensifies efforts to block illegal gambling websites.

The Colombian gambling regulatory authority Coljuegos has intensified efforts to block illegal gambling websites. Coljuegos will now directly request internet service providers to block those websites operating online games without paying the corresponding copyright fees.Coljuegos President Marco Em

"Latin American Market Benchmark: Why is Colombia's Online Gambling Regulation a Step Ahead?"

Under the trend of the global gambling market moving towards digitalization and legalization, Latin America has become a new hot spot for global operators to layout. Among many countries, Colombia is widely regarded as the "lighthouse country of Latin American gambling regulation". As the first Lat

7777 Gaming Obtains Colombian Certification, Opens Local Market for Company's iGaming Content

7777 Gaming has officially obtained the Colombian gaming content certification. This certification allows local players and operators to enjoy 7777 Gaming's game products, including "Crazy 100 Bucks", "Barbarian", "Candy Anyways", "Devil's Deal Soul for Sale", and "Club Mr. Luck" among others.7777 G

UK sets betting limits! Curaçao reforms the gambling industry! Colombia imposes a deposit tax!

The Colombian gambling trade organization warns that the added value tax may cause operators to exit.

The Colombian Gaming and Betting Trade Association (Fecoljuegos) has harshly criticized the government for imposing a 19% Value Added Tax (VAT) on gambling, warning that this move could lead to operators exiting the market.The Colombian government issued Decree No. 0175, temporarily removing the VAT

Colombian regulators block 10,000 illegal gambling websites and social media ads.

The Colombian gambling regulatory authority Coljuegos has blocked 10,000 websites and social media profiles offering illegal betting in its latest crackdown on the black market.In a press release, Coljuegos stated that a large number of these websites have been blocked because they were offering gam