Online betting platform Stake Colombia has announced that it will fully compensate users for the 19% tax imposed on cash deposits through the new ‘Cashback IVA’ promotion.
The initiative comes in response to Decree 0175, a temporary Colombian government measure effective February 22 until December 2025, aimed at raising $3 billion for humanitarian aid in the Catatumbo region.
To offset the tax, Stake Colombia will cover the amount and credit it back to users’ accounts as a cash bonus, ensuring they can play without financial setbacks. The “Cashback IVA” promotion automatically credits a bonus equal to the deducted VAT once a deposit is completed.
“For instance, if a user deposits 100,000 Colombian pesos, the 15,999 Colombian pesos of VAT will be deducted as required by the government,” Diana Otálora, General Country Manager in LatAm, explained. “However, Stake will grant a bonus of 15,999 Colombian pesos, allowing users to play with their full deposit amount.”
Otálora emphasized that users remain the platform’s top priority. “That’s why we are adapting to the government’s 19% tax measure while ensuring our customers can continue playing without being affected,” she said.
Original article: https://www.yogonet.com/international/news/2025/02/25/96315-stake-colombia-launches-34cashback-iva-34-promotion-to-cover-19-tax-on-deposits
