Blocked by Colombia’s courts, President Gustavo Petro remains defiant to keep the 19% VAT on gambling. Gambling taxes are critical to balancing the President’s budget which underpins his 2026 re-election campaign reports SBC Noticias’ Damian Martinez.
In Colombia, it appears that President Gustavo Petro will seek an alternative route to maintain taxes on online gambling, regardless of recent legislative denials.
Last Friday, Finance Minister Germán Ávila told local media that he had been instructed to re-draft Colombia’s tax plan on games of chance, a mandate required by President Petro to balance the books on COL$550trn (circa €125bn).
