Netherlands Government Plans Tax on Unrealized Gains from 2028

The Dutch House of Representatives debates the Box 3 asset tax reform, which would impose annual taxes on unrealized gains from assets like stocks, bonds, and cryptocurrencies, aiming to prevent a €2.3 billion treasury loss.

Summary

The Dutch government is moving forward with a proposal to tax unrealized gains, including those from cryptocurrencies, starting in 2028. The new tax is seen as necessary to prevent a €2.3 billion shortfall in the national budget, with most parties indicating support despite concerns over taxing gains that have not yet been realized.

Terms & Concepts
  • Unrealized gains: Increase in the value of an asset that has not yet been sold, meaning the gain exists on paper but no profits have been realized.