🇨🇴 Colombia Shifts Gambling VAT to GGR

Big news from Colombia as the government has approved a change in how VAT is calculated for gambling licences. As of 31 December, VAT will now be based on Gross Gaming Revenue (GGR). 🎲 This move follows months of negotiations and highlights a significant shift in the regulatory landscape, aiming to provide a more effective taxation framework for the thriving online gambling sector. For stakeholders, this represents an optimistic step towards more predictable costs and could boost the market by encouraging further investment and innovation. 🌟 What does this mean for you? It could lead to a more vibrant and competitive industry, attracting diverse global players. Stay tuned for the potential opportunities that lie ahead! 🌍