Colombia accepts ‘gambling maths’ as VAT shifts to a GGR base

Following months of negotiations, the government of Colombia will apply a new formula to calculate VAT charges on gambling licences.  Announced on 31 December by Fecoljuegos, Colombia’s online gambling trade body, the  government has undertaken a fiscal correction, confirming that Value Added Tax (VAT) on online betting will now be calculated on Gross Gaming Revenue ……
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