Dutch lawmakers plan to support taxing unrealized gains, including crypto assets, starting from 2028

Foresight News reported, citing Dutch local media NL Times, that a majority of Dutch parliament members are prepared to vote in favor of taxing unrealized capital gains (including cryptocurrencies) starting in 2028. This reform, called the "Box 3 Actual Return Tax Law," will assess annual asset appreciation, with the tax rate expected to be 36%. Investors holding assets such as bitcoin and stocks will be required to pay taxes on annual paper gains, even if they have not sold the assets. This move stems from a Dutch court ruling that the government's previous practice of taxing based on notional returns was illegal. While most parliament members believe the bill has flaws, they still support it, as delaying implementation would cost the government 2.3 billion euros each year.