Stake Colombia will compensate its users by covering the 19% VAT
Stake Colombia announces that starting today, it will compensate for the 19% tax on cash deposits made on its online betting site. Stake Colombia will cover this tax and credit it back to its players in their user accounts. This allows its clients to continue enjoying their favourite gaming activities without worrying about the additional tax.
Diana Otálora, General Country Manager in LatAm commented: “At Stake Colombia, our users are our top priority, and that’s why we have to adapt to the government’s measure regarding the 19% tax and comply with the required deadlines. Therefore, we are adopting internal measures so that our customers can continue playing without being affected by this situation.”
To reduce the impact of this new measure, Stake has created the Cashback IVA“ promotion, which will reward users with a bonus equal to the amount discounted for VAT on their deposit. The bonus will be credited as a cash bonus to the user’s account and will be available once the deposit is made.
“For instance,“ she continues, “if a user deposits 100,000 Colombian pesos, the 15,999 Colombian pesos of VAT will be deducted as established by the government, but Stake will grant a bonus for those same 15,999 Colombian pesos so that they can play with the total amount of their deposit.
Stake Colombia remains committed to ensuring its users enjoy an uninterrupted high-quality experience. Therefore, it guarantees that Decree 0175 will not affect the bets or winnings that users obtain on the site.
The Colombian government issued the temporary Decree 0175 of February 14, 2025, which came into effect February 22nd, and will extend until December 2025. The nationalgovernment’s action plan aspires to raise $3 billion to address the humanitarian crisis in the Catatumbo region.
