Colombia could be set to retain its controversial 19% VAT rate on online gambling deposits, despite significant opposition.
The South American nation’s Attorney General has urged President Gustavo Petro to retain the tax, which was introduced on 21 February 2025, through to the end of the year.
SBC’s Lucia Gando has detailed how Colombia’s gambling industry has hit back, outlining the impact of the revenue-raising measure, which has also strengthened the unregulated market.
Due to financial pressures, economic reforms were introduced under Decree 175 of 2025, which also sought to fund humanitarian programs in Catatumbo.
The significant 19% VAT on gambling deposits – adopted alongside a 1% tax on coal and gas sales – applies to all sports betting platforms, including those that accept cryptocurrency.
