[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Tag Archives: Taxation

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…

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…

IBJR criticizes new tax rules on Brazilian bettors’ winnings introduced by Federal Revenue Service

The Brazilian Institute of Responsible Gaming (IBJR) has issued a statement criticising the way bettors’ winnings could be taxed under new rules published by The Federal Revenue Service of Brazil (RFB). Last week the RFB introduced a new regulation (Normative Instruction RFB No. 2,191/2024) concerning the taxation of net prizes earned from sports betting, which includes fixed-odds…

Brazil’s National Congress overturns President’s veto on online gambling tax exemption

The National Congress decided to overturn President Luiz Inácio Lula da Silva’s  veto to sections of the online gambling bill that allowed for the exemption of Income Tax (IR) for prizes in sports betting and online casinos. The override occurred during a joint session, with the presence of deputies and senators. With this decision, the…

Lawmakers to hold public hearing on online gambling tax rate

Deputies have approved a request put forward to the Finance and Taxation Committee to hold a public hearing to discuss the taxation of online gambling in Brazil. The request was put forward by Deputy Mário Negromonte Jr. The deputy said that he wanted to hear from representatives of the Ministry of Finance and some companies…

Brazil – Lawmakers propose amendment to resolve tax on player winnings

The government could be close to resolving the issue of the tax rate on player winnings. President Luiz Inácio Lula da Silva sanctioned online sports betting and casino games on December 30. The original bill provided that prizes up to BRL 2,112 (the limit of the lowest Personal Income Tax bracket at the time) would…

Brazil – Sports betting bill could cover online casinos and lower tax rate

The online sports betting bill in the lower house (PL 3626/2023) could also cover online casinos as well. According to local press Adolfo Viana, the rapporteur of the online sports betting bill, has included online casinos in the bill. The plenary of the Chamber of Deputies could vote on the sports betting bill put forward by Deputy Adolfo…

Ecuador – Court approves tax on sports betting

The constitutional court of Ecuador has approved new taxes on sports betting. The reforms are part of a much wider tax reform bill that includes tax cuts for most families.   The court had to endorse or reject two decrees signed by President Guillermo Lasso after he disbanded the National Assembly after facing a vote…

Ecuador – Government to tax online sports betting operators

The government of Ecuador has put forward a tax reform project that proposes creating a single tax on the income received by sports betting operators with legal residence in the country. The bill was put forward by Finance Minister Pablo Arosemena to the National Assembly and proposes a 15% tax on GGR on operators. In…