Tag Archives: Colombia
New taxes imposed on online gambling in Colombia
The Ministry of Finance has decreed three new taxes that will be in effect until December 31, 2025, with the aim of financing expenses related to the state of internal commotion in the Catatumbo region. The new fiscal measures affect online gambling, the export of oil and coal, and national stamp tax. With Decree 0175…
Fecoljuegos warns about the impending VAT on online gaming in Colombia
The Colombian Federation of Entrepreneurs in Games of Chance and Luck (Fecoljuegos) has warned about the implications of implementing a VAT on online gaming. In a statement Fecoljuegos argued that this measure would not “only jeopardize the financial stability of a key sector for the digital economy but also disrupt the contractual balance between currently…
VAT to be imposed on online gambling in Colombia as government declares state of emergency
Colombia’s Minister of Finance, Diego Guevara, announced that, based on the state of emergency decree due to the security crisis in Catatumbo, VAT will be implemented on online gambling. “With this tax, we expected to collect around 2 trillion pesos annually, but since the state of emergency is valid for 90 days, we estimate that…
Head of Tax Authority resigns amid failed gambling tax reform in Colombia
Jairo Villabona, the head of the National Tax and Customs Directorate (DIAN), announced he will be stepping down from his position on January 24, following a request for his resignation from President Gustavo Petro via Minister of Finance, Diego Guevara. In an interview with the local media outlet La República, Villabona stated that his resignation…
Colombia’s President demands crackdown on illegal online gambling to fund health
President Gustavo Petro has emphasized an order for all investigative and security forces to pursue holders of illegal gambling operations. “This is not my proposal. It was mandated by the Constitution of 1886 and the Constitution of 1991. Games of chance and gambling, once lotteries, now encompass a vast array of possibilities, increasingly online, are…
Gambling board investigates betting in Colombian professional football through illegal sites
Coljuegos has launched a preliminary investigation to request the blocking of websites that are operating from countries such as China and Russia, and through which bets related to Colombian professional football are being placed without paying the respective exploitation rights. “We are investigating the origin of several web portals from which sports bets are being…
Colombia – VAT on online gambling sector back on the cards
The Government of Colombia reiterated that, as part of a tax reform aimed at financing the 2025 Budget, it is looking to apply a 19% Value Added Tax (VAT) to the online gambling sector. In a presentation before the Senate’s Fourth Commission, Finance Minister Ricardo Bonilla supported the new financing bill, which aims to raise…
Coljuegos to use AI to monitor industry and combat illegal gambling in Colombia
As part of its technological modernization process, Coljuegos has inaugurated its Artificial Intelligence Center of Coljuegos (CIAC). This tool will allow for monitoring illegal online betting activities as well as real-time oversight of the transfers made by the 3,656 authorized gaming establishments. “We are inaugurating the first phase of this technological project aimed at strengthening…
Coljuegos announces Keno launch in Colombia
The Board of Directors of Coljuegos issued Agreement 07 of 2024, through which the regulations for Keno were set out. With the operation of Keno game, approximately COL$485 million (US$120 million) is expected to be transferred for health purposes over the next five years. “Keno is an ancient Chinese game that has been operating illegally…
