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Colombian President considers 19% VAT on digital platforms, sparking industry concerns

  • Colombian government considering imposing a 19% VAT on digital platforms
  • Proposal submitted to President Gustavo Petro for review as part of national budget
  • Budget of 523 trillion pesos for 2025 pending approval
  • Proposal includes VAT on platforms like Airbnb, online sports betting, and igaming
  • Asojuegos urges government to reject VAT charge, warns of negative impact on regulated sector
  • President Petro to review budget reform proposals before sending to Congress for debate and approval
  • Asojuegos warns that VAT charge could reduce funds available for health sector in Colombia

Source: sbcnews.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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