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Update - Colombia Introduces Temporary Taxes to Address Catatumbo Security Crisis

19 February 2025

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Approved Changes

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Colombia

Colombia has published Decree No. 0175 of 14 February 2025, which provides for the introduction of three temporary taxes to generate funds to address the security crisis in the Catatumbo region. The Catatumbo region, located in northeast Colombia near the Venezuelan border, has seen a rise in violence due to clashes between illegal armed groups. The three temporary taxes include: A 19% VAT on internet games of chance operated exclusively online (i.e., online gambling), whether in Colombia or abroad, with the taxable base equal to the amount of money, cash or crypto assets, deposited by a user in their account...