Why am I getting taxed for my withdrawal?

If you are withdrawing an amount which is larger than 1.596.960 COP (48 UVT or higher - subject to change annually), we are required to collect a tax of 20% as part of the Colombian regulatory requirements.

Please note that the 20% tax is only deducted from your winnings.

Here's an example of a requested withdrawal amount which will be subject to this regulatory tax measure:

                                                                                        bwin.co tx