Colombia again targets online betting deposits with 19% VAT

Evert Montero Cárdenas, president of trade body Fecoljuegos, told NEXT.io the measures would hit smaller to medium-sized operators the hardest Colombia’s government is proposing to charge 19% VAT on every deposit made into an online betting account as part of a broad set of tax reforms aimed at improving the country’s finances. The proposals also include a raise in the tax on lottery, raffle and betting prizes from 20% to 30%. Speaking to NEXT.io , Evert Montero Cárdenas, president of trade body Fecoljuegos, said the measures would hit smaller to medium-sized operators the hardest.