Colombia’s National Tax and Customs Authority drafts new tax measures to regulate online gambling
Summary
The National Tax and Customs Authority (DIAN) of Colombia, in partnership with the Ministry of Finance, is setting up a new framework that will influence the online gambling sector, potentially forming part of a future tax reform.
The DIAN Director, Luis Eduardo Llinás, outlined the intent to assess new taxes aimed at regulating cryptocurrency transactions and online gambling, bridging gaps in current regulations.
Key Points
- DIAN is drafting new regulations for the online gambling industry.
- The aim is to regulate contributions from currently unregulated sectors.
- New measures could be included in upcoming tax reform discussions.
- The focus is not on increasing existing taxes but on establishing proper governance.
- Advancements in income tax payment procedures have already stirred conversations in the gaming industry.
Why should I read this?
This article is a must-read for anyone interested in the evolution of online gambling in Colombia. It reveals key insights into emerging regulatory standards that could affect the industry and transactions, making it crucial for operators and stakeholders to stay ahead of the changes.