In the tax reform, the new President intends to eliminate the tax on occasional earnings. According to the project justifications: There is a package of windfall gains that, according to the text, “are unjustified” and should be eliminated.
Among them, profits from the sale of shares listed on the Colombian Stock Exchange, when such sale does not represent more than 10 percent. Also included are the prizes for betting and equestrian or canine contests and income from lotteries and games of chance”, whose rate today is 20 percent.
Prizes up to 1,090 UVT's would be exempt from paying taxes from the aforementioned project In the tax reform project, Coljuegos should also pay a 9% rate on the income obtained. This would apply to those companies in which the State's participation is greater than 90% that exercise the monopolies of chance and liquor and alcohol.
