Colombia Weighs VAT on Online Gambling Platforms: Guevara

Colombia is considering imposing a value-added tax on online gambling platforms to help finance the internal commotion, an emergency state declared by the government given a deterioration in security in northeast Colombia, Finance Minister Diego Guevara said on Blu Radio.

• The security crisis demands more fiscal revenue and the VAT is a fast way to raise taxes
• The government will also redistribute appropriations of the royalty budget
• Guevara said the government isn’t considering changes to the fiscal rule as it proposed in the failed financing bill of 2024
• NOTE: Colombia Government Decrees Internal Commotion State for 90 Days
• NOTE: Cocaine ...