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 working on a regulatory framework aimed at the online gambling sector, potentially as part of a future tax reform. This initiative follows discussions on implementing new taxes targeting cryptocurrencies and online gambling transactions.
Key Points
- The new tax measures aim to regulate online gambling and could be included in upcoming tax reforms.
- The DIAN is assessing new taxes to ensure unregulated sectors contribute to the tax system.
- Proposed measures include controls for virtual wallets, exchanges, and providers of virtual active services.
- The government’s approach focuses on regulation rather than increasing existing tax burdens.
- Recent declarations clarified misunderstandings about income tax advances for the gaming sector.
Why should I read this?
If you’re even remotely interested in the evolving landscape of online gambling and taxation in Colombia, this article covers essential changes that could shape the industry. It’s a must-read if you want to stay ahead of regulatory developments that might affect your operations or interests.