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Tag Archives: Baloto

Colombia – Congress approves tax reform bill

Congress has approved a new tax on prizes. The increased taxes are based on taxes on occasional taxable profit —which includes inheritances, life insurance indemnities, lotteries and raffles. The changes would come into force next year. The taxes were part of a much tax reform bill that aimed to raise an additional 20tn pesos (US$4bn)…

Colombia – Tender for new Baloto game postponed in Colombia

The tender to operate Multiplicador (Multiplier), a new option for those who play Baloto, has been postponed in Colombia after regional governors argued that the new game would mean less income for the health sector and job losses over time. According to Governor of the Department of Valle del Cauca Dilian Francisca Toro, the new…