{"id":2337,"date":"2020-10-13T00:00:00","date_gmt":"2020-10-13T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/colombian-ministry-of-finance-has-publicly-announced-its-support-for-casinos-and-gambling-sector\/"},"modified":"2020-10-13T00:00:00","modified_gmt":"2020-10-13T00:00:00","slug":"colombian-ministry-of-finance-has-publicly-announced-its-support-for-casinos-and-gambling-sector","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/colombian-ministry-of-finance-has-publicly-announced-its-support-for-casinos-and-gambling-sector\/","title":{"rendered":"Colombian Ministry of Finance has publicly announced its support for Casinos and gambling sector"},"content":{"rendered":"

The Technical Secretariat of the National Council of Games of gambling (Cnjsa) assured that the sector closed with sales of about $ 392,493 million in 2020 approximately, 37.22% less than the $ 625,179 million that were sold last year.<\/font><\/p>\n

Well, sales in May and June were reduced on average by 72.9% and 45.6% respectively, this despite the fact that lotteries and chance could operate during the pandemic unlike casinos and even bookmakers.<\/font><\/p>\n

For this reason, the Ministry of Finance seeks to make the conditions of the industries that make up the sector of gambling more flexible, through a project that would modify the regulations related to mimes.<\/font><\/p>\n

The Ministry identified the need to improve the mechanisms for surveillance, inspection and control of the gambling sector, and to regulate the operating conditions of the permanent gambling game and the mechanisms for turning the resources to help them continue afloat. Business.<\/font><\/p>\n

For casinos, it established that considering the impact on casinos derived from the emergency caused by Covid-19, Coljuegos will issue the reliability conditions of the slots, in the second half of 2021.<\/font><\/p>\n

In addition, the gross income of the casinos that serve as the basis for the settlement of the operating rights and administration expenses correspond to the total value of the bets placed without including the value added tax (VAT). When the game elements are taxed with presumptive VAT, the value of the tax will not be added or deducted from the settlement base.<\/font><\/p>\n

This measure is similar to the one used in scratch and win products to attract foreign investors to the country.<\/font><\/p>\n

On the other hand, as of the entry into force of the project, the value of the prize plan for traditional lotteries will be at least 40% of the issue. The value of promotional drawings and incentives will be excluded from the rewards plan.<\/font><\/p>\n

“In this process, the value of the prizes (major, dry and approximations) is modified, redistributing the contribution of each prize to the percentage of return,” explained the Ministry.<\/font><\/p>\n

The national government said it took these measures to protect the gambling sector which contributes considerable sums to the health sector each year through the payment of taxes.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

For casinos, it established that considering the impact on casinos derived from the emergency caused by Covid-19, Coljuegos will issue the reliability conditions of the slots, in the second half of 2021 … and other measures:<\/p>\n","protected":false},"author":1,"featured_media":2338,"menu_order":516,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[508,507,505,506],"class_list":{"0":"post-2337","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-casinos-colombian-news","8":"tag-colombian-government-help-casinos","9":"tag-colombian-ministry-finances","10":"tag-help-to-casinos-colombia","11":"entry"},"yoast_head":"\nColombian Ministry of Finance has publicly announced its support for Casinos and gambling sector - 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