Colombia’s Gambling Tax Shake-Up: What’s Really at Stake?

Colombia’s gambling industry has long been a growing market. But the new VAT on gambling transactions is sparking debate. Operators, players, and regulators are questioning its impact. Will this tax boost government revenue? Or will it push more players toward unregulated markets? Colombia’s government introduced the VAT to increase tax income. Officials argue it will support public programs. However, critics fear it will make legal gambling less attractive. If costs rise, players may shift to offshore platforms. That would mean... Read More »