The Ministry of Finance filed the bill with Congress on October 29, 2026. It would also raise the tax on lottery, raffle, and betting prizes from 20% to 30%. The ministry expects the deposit VAT to bring in COP 2 trillion in 2027 and an average of COP 2.3 trillion a year from 2028 to 2030, and argues the change puts online gambling on the same footing as land-based venues, which already pay VAT. The bill also allows offshore sites to be blocked at the ISP level.
Evert Montero Cárdenas, President of Fecoljuegos, said:
“Colombia has built a regulatory trust that we must preserve. This could create risks to sustainability, especially among small and medium-sized companies with less capacity to absorb new burdens.”
Fecoljuegos is preparing a counter-proposal for the Ministry of Finance and the economic committees in Congress. The government wants the bill approved before ordinary sessions end on December 16, and its passage is linked to IMF financing. The previous two tax reforms failed in the economic committees in December.
