Netherlands Eyes Tax on Unrealized Gains, Including Crypto
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The Netherlands is moving to tax unrealized capital gains on investments such as stocks, bonds, and cryptocurrencies, sparking warnings of potential capital flight. Lawmakers in the Dutch parliament largely support revisions to the Box 3 asset tax system, which would require annual taxation on both realized and paper gains.
The plan aims to prevent further revenue losses, estimated at €2.3 billion ($2.7B) per year, following court rulings that struck down the current system for relying on assumed returns. Implementation before 2028 would impact investors, even if assets aren’t sold.