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 is preparing new measures aimed at regulating the online gambling sector. Led by Director Luis Eduardo Llinás, these proposals could be incorporated into a future tax reform to ensure taxation of currently unregulated sectors, including cryptocurrency transactions and online gambling.
Key Points
- New regulatory measures are being drafted for the online gambling industry in Colombia.
- Suggestions include specific taxes on cryptocurrency transactions and online gambling activities.
- The aim is to ensure that unregulated sectors contribute to the national tax system without increasing existing tax rates.
- Related categories under review include virtual wallets and cryptocurrency exchanges.
- Recent measures include an advance payment of income tax, generating an estimated cash flow of COP 7 trillion.
Why should I read this?
If you’re into online gambling or the regulatory landscape, this article spills the beans on potential changes in Colombia’s tax structure that could impact you directly. It’s a must-read for anyone looking to stay ahead in the evolving gaming market!