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Although such entertainment will be exempt from existing gaming duties and taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax. Most of these venues purportedly remain closed with only select few in the city Medellin having so far re-opened following criticism from the industry and the submission of a petition said to have featured some 17,000 signatures. Although such entertainment will be exempt from existing gaming duties and taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax....
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The gambling regulator for the South American nation of Colombia has reportedly published measures that are to regulate the temporary legalization of online scratchcard and bingo games.Lenient levy:The news domain reported that bingo operators offering their contests online are to now be additionally obliged to ‘take measures to restore the game to its last known state’ should a video stream be temporarily interrupted or offer complete refunds if this is not possible.Lenient levy:The news domain reported that bingo operators offering their contests online are to now be additionally obliged to ‘take measures to restore the game to its last known state’ should a video stream be temporarily interrupted or offer complete refunds if this is not possible....
The source detailed that legislators decided to take this step so as to stimulate gaming activities and their resultant tax revenues in the wake of the coronavirus pandemic.Coronavirus closures:Colombia is a nation of over 50 million inhabitants and reportedly shuttered every one of its land-based gaming outlets in March as a direct result of the ongoing global epidemic. Although such entertainment will be exempt from existing gaming duties and taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax....
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