{"id":9281,"date":"2024-10-10T16:21:51","date_gmt":"2024-10-10T16:21:51","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=gambling&#038;p=9281"},"modified":"2024-10-10T16:21:52","modified_gmt":"2024-10-10T16:21:52","slug":"cornazar-warns-about-the-impact-of-the-financing-law-propos-al-for-the-gambling-sector-in-colombia-coljuegos","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/cornazar-warns-about-the-impact-of-the-financing-law-propos-al-for-the-gambling-sector-in-colombia-coljuegos\/","title":{"rendered":"CORNAZAR warns about the impact of the Financing Law Propos al for the gambling sector in Colombia Coljuegos."},"content":{"rendered":"\n<p>The National Corporation of Gambling Entrepreneurs (Cornazar) expressed its concern about the changes introduced in the Financing Law project.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/video-pop-up-maquinas-instaladas.jpg\" alt=\"Mundo Video\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p>According to the association, these measures generate a negative impact on the gambling sector in Colombia. The new Law proposal also seeks to tax the 15 online betting houses authorized by Coljuegos with a value added tax (VAT) of 19%, which would make them an unviable business.<\/p>\n\n\n\n<p>According to Cornazar, these measures would have the following consequences for the sector:<\/p>\n\n\n\n<p>&#8211;&nbsp;Reduction in the number of jobs, the vast majority of which are for women heads of household.<\/p>\n\n\n\n<p>&#8211;&nbsp;Decrease in establishments and gambling elements, which in turn would affect contributions to Health in Colombia.<\/p>\n\n\n\n<p>&#8211;&nbsp;Disincentive to investment, operating costs with high tax burdens result in a lack of interest in investing in the Gaming Industry in Colombia.<\/p>\n\n\n\n<p>&#8211;&nbsp;The return to the player could be affected, reducing this benefit would cause a lack of interest in the player for this activity<\/p>\n\n\n\n<p>&#8211;&nbsp;The tax burden generates a framework of mistrust, does not generate economic reactivation and would aim to favor informality in the gaming sector, which would go against a legal framework and responsible gaming.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/cornazar-warns-about-the-impact-of-the-financing-law-proposal-for-the-gambling-sector-in-colombia-coljuegos2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>What it will generate the most is leveling the online gaming platforms, a little more than $2 billion. \u201cIt would be an impossible tax burden to meet, because this type of gaming modality has high operating costs to develop this economic activity\u201d<\/p>\n\n\n\n<p>These tax percentages are also added to the payment to<strong> Coljuegos<\/strong>, which is 12% of the monthly net income per machine, income tax, contributions to Supersalud and all costs, operating and administration expenses.<\/p>\n\n\n\n<p>This alert adds to the concern of <strong>Fecoljuegos<\/strong>, which considered that taxing online betting will make the activity &#8220;unviable.&#8221; For its part, <strong>Asojuegos<\/strong> also expressed its rejection of the proposal, which would generate &#8220;a massive flight of players to illegal platforms.&#8221; <strong>Coljuegos<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Corporation of Gambling Entrepreneurs (Cornazar) expressed its concern about the changes introduced in the Financing Law project. According to the association, these measures generate a negative impact on the gambling sector in Colombia. The new Law proposal also seeks to tax the 15 online betting houses authorized by Coljuegos with a value added [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9282,"menu_order":249,"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":[736,28,4682],"class_list":{"0":"post-9281","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-casinos-colombia","8":"tag-cornazar","9":"tag-elizabeth-maya-cano","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CORNAZAR warns about the impact of the Financing Law Propos al for the gambling sector in Colombia Coljuegos. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/cornazar-warns-about-the-impact-of-the-financing-law-propos-al-for-the-gambling-sector-in-colombia-coljuegos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CORNAZAR warns about the impact of the Financing Law Propos al for the gambling sector in Colombia Coljuegos. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The National Corporation of Gambling Entrepreneurs (Cornazar) expressed its concern about the changes introduced in the Financing Law project. 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