Colombia Revives 19% VAT Proposal on Online Betting Deposits

Colombia's government has introduced legislation that would impose a 19% value-added tax (VAT) on deposits into online gambling accounts, reviving a proposal that previously failed to secure congressional approval. The measure forms part of a wider fiscal package that also increases taxation on betting prizes and several other products. Bill 477 of 2026, known as the Economic Rescue Law (Ley de Rescate Económico), was submitted to Congress by the Ministry of Finance on October 29 under President Abelardo de la Espriella's administration.