The Colombian tax agency will strengthen the control of gambling and casino operators

Colombia Department of National Taxes and Customs (DIAN) announced that he would increase monitoring and inspections activities carried out by the gambling, betting and casino operators in the country.

In a statement, the tax agency said that “the sub-directorates of recovery and extensive control and tax control will carry out control, facilitation and inspection activities on taxpayers who operate gambling and betting activities, in particular casinos”.

DIAN further indicated that according to “the database of taxpayers who engage in gambling and betting activities”, they detected “a universe of taxpayers at the national level, which according to the analysis of the data present breaches of their obligations”.

“Therefore, a control day will take place in different cities of the country, aimed at verifying compliance with obligations, in particular with regard to invoicing, submission of declarations, associated payments and information reports“, the officials said.

Finally, the Colombian tax administration stressed “the importance of compliance with formal and substantial obligations” by taxpayers. The officials added that to this end, they will contact “late taxpayers to provide them with the relevant information and provide them with guidance regarding the process to be carried out by the entity depending on each case.”

It should be noted that after taking office in early August, Colombian President Gustavo Petro introduced a tax reform bill in which, with regard to the tax on betting income, it proposes to remove the current exemptions and unify a 20% casual win holdback to bettor prices across all gaming and turf verticals.

Esther L. Steinbach