Dutch Parliament to Vote on Taxing Unrealized Capital Gains from 2028

The Dutch Parliament is set to vote on a proposal to tax unrealized capital gains, including those from cryptocurrencies, starting in 2028. According to Foresight News, the reform, known as the 'Box 3 Actual Return Tax Law,' will assess asset appreciation annually, with a projected tax rate of 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 initiative follows a ruling by a Dutch court that deemed the government's previous method of taxing based on virtual returns illegal. Despite acknowledging flaws in the proposed legislation, most parliament members support it, citing that delaying its implementation could result in a loss of 2.3 billion euros for the government each year.