Colombian gamblers are in uproar at the government’s decision to levy a “temporary” Colombian gambling tax of 19% VAT tax. This action was taken due to a deficit in funding action against rebel forces that are creating civil unrest in the remote Catatumbo region.
In a significant regulatory development, the Colombian government has imposed a 19% Value Added Tax (VAT) on gambling activities. The government aims to increase fiscal revenues and formalize the gambling sector with this move. This tax targets all legal gambling formats, including online and offline casino games, lotteries, and sports betting. Fecoljuegos, the Colombian gambling regulator, has blasted the decision.
