Dutch government may revise 36% tax on unrealized crypto and investment gains

Dutch Finance Minister Eelco Heinen announced that the proposed Box 3 tax overhaul, scheduled for 2028, cannot proceed in its current form and requires revision. This controversial system proposes a 36% levy on asset appreciation, including paper gains across savings, equities, bonds, and digital assets, even if profits are not realized. While the House approved the plan, the Senate and investors have voiced concerns about increased taxes and liquidity risks, particularly regarding taxing unrealized gains, which could force liquidations. The reform was initiated after the Supreme Court invalidated the previous system, which used hypothetical returns, deeming it an infringement on property rights. Lawmakers are now considering a shift toward a capital-gains model, taxing assets only upon sale by Budget Day 2028.

(Source：Crypto Briefing)