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Majority of Dutch Parliament Members Support Annual Capital Gains Tax on Unrealized Cryptocurrency Profits Starting 2028
Summary: According to reports, the Dutch parliament debated on Monday the reform proposal for the Box 3 asset tax system. Despite the controversy surrounding the proposal, majority parties including VVD, CDA, PVV, D66, and GroenLinks-PvdA have expressed their support for the bill due to an annual loss of approximately 23 billion euros to the treasury caused ...
According to reports, the Dutch parliament debated on Monday the reform proposal for the Box 3 asset tax system. Despite the controversy surrounding the proposal, majority parties including VVD, CDA, PVV, D66, and GroenLinks-PvdA have expressed their support for the bill due to an annual loss of approximately 23 billion euros to the treasury caused by the delayed implementation. Under the new proposal, investors in stocks, bonds, and cryptocurrencies will be required to pay taxes on their profits annually, even if the investments have not been cashed out. Acting government tax state secretary Eugène Heijen stated that while the government prefers taxing profits upon realization, the implementation of the proposal cannot be achieved before 2028, and the government cannot afford further delays in implementation.
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Link: Majority of Dutch Parliament Members Support Annual Capital Gains Tax on Unrealized Cryptocurrency Profits Starting 2028 [Copy]
