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, working with the Ministry of Finance, is establishing a new regulatory framework to manage the online gambling sector. Director Luis Eduardo Llinás discussed the potential introduction of specific taxes for cryptocurrency transactions and online gambling at the 59th Banking Convention held in Cartagena.
Key Points
- DIAN is drafting new measures to regulate online gambling in Colombia.
- The framework could form part of a relevant future tax reform.
- Specific taxes may be introduced for cryptocurrency and online gambling transactions.
- The objective is to ensure unregulated sectors contribute to the tax system without increasing existing taxes.
- Llinás mentions the need for improved control mechanisms across various economic sectors.
Why should I read this?
If you’re interested in the evolving landscape of online gaming and legislation in Colombia, this article is a must-read! The DIAN’s new measures could significantly impact how online gambling is managed and taxed in the country. Stay ahead of the curve on what this means for the industry!