Colombia VAT On DepositsAnalyst cautions that the VAT on customer deposits in Colombia materially impairs unit economics, reducing margins on local operations.
Investment Allocation Risk In ColombiaAnalyst notes regulatory uncertainty in Colombia has led to plans to withhold incremental investment in the market unless VAT rules are changed, limiting future growth opportunities there.
Mexico Taxation RiskAnalyst warns the proposed increase in Mexico's federal gaming tax to fifty percent in the 2026 budget would materially raise the company's cost base and act as a structural headwind to profitability.