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The Colombian government has revised its taxation framework for online gambling, changing the application of the 19 per cent value-added tax (VAT) from player deposits to gross gaming revenue (GGR). The revised policy came into force on January 1, marking a significant shift in how the sector is taxed by focusing on the actual income generated by operators rather than the total amounts deposited by players. The original deposit-based 19 per cent VAT was introduced in Febr

The Colombian government has revamped its approach to taxing online gambling, moving the 19% value-added tax from player deposits to gross gaming revenue (GGR). The new policy, which came into effect on January 1, focuses on the actual revenue generated by operators rather than taxing all funds deposited by players. The deposit-based 19% VAT was initially introduced in February 2025 as a temporary measure amid internal unrest. Throughout 2025, this tax structure faced widespr

IKEA has vowed to fight back against an Australian Taxation Office audit claiming the Swedish furniture company owes approximately A$171 million ($115 million) in unpaid taxes, saying it “strongly disagrees with its position.” The ATO believes that IKEA has shifted money offshore through disputed transfer pricing and royalty arrangements. IKEA’s Australian business is reportedly structured in a way that reduces taxable income in Australia by paying franchise fees, licence fee

Japan’s governing coalition has once again confirmed its intention to exempt overseas casino patrons from paying taxes on gambling winnings, reinforcing a long-standing policy designed to boost inbound tourism and attract international investment. The commitment was reiterated in December during fiscal policy discussions between the Liberal Democratic Party and the Innovation Party, reviving measures that were first put forward several years ago. The exemption for non-res