Posted on 02/17/2026 5:40:02 PM PST by delta7
Dutch Lawmakers Approve a 36% Tax on Unrealized Crypto, Stock, and Bond Gains Starting January 2028, the Netherlands is set to require that residents pay tax on paper profits they have not yet cashed in, pending Senate approval.
The Dutch House of Representatives on Thursday voted to pass the Actual Return in Box 3 Act (Wet werkelijk rendement box 3), a reform that will tax residents at a flat rate of 36% on the actual returns they earn from savings and investments, effective January 1, 2028.
The bill replaces a system that taxed investment income based on assumed returns, a framework the Dutch Supreme Court ruled unconstitutional in a series of decisions beginning in December 2021.
Under the new regime, the tax applies not only to income that has actually been received, such as interest, dividends, and rent, but also to the annual increase in value of assets like stocks, bonds, and cryptocurrencies, even when those assets have not been sold.
If a Dutch resident holds a portfolio of shares that rises by €10,000 over the course of a year, the tax authority will treat that paper gain as taxable income, regardless of whether the investor has sold anything.
Real estate and shares in qualifying startups will follow different rules. For those assets, the government adopted a capital gains approach, meaning that tax on the appreciation of value is charged only when the asset is sold or otherwise disposed of. Regular income from these assets, such as rental payments or dividends, will still be taxed annually in the year it is received....
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That should go over like a fart in Church.
Well this will be fun to watch.
That is bogus.
So when you have an unrealized loss the government sends you a check for 36% of the unrealized loss, right?
Hello?
The Dutch already pay 50%+ in taxes for income over, I think, $100,000.
Well, that will stop investments. Is that their goal?
Great, now the dems will scream from the rooftops “we have to do this now!”
One way or another, we slaves.
This sounds stupid
This will force the sale of 36% of all imputed capital gains in order to pay. No capital market can withstand a 36% outflow of value without crashing the market. The liquidity does not exist.
Well this will be fun to watch.
Xxxxxxxxxxxxx
This tax on unrealized profits should run people outta netherland faster than a tax on billionaires in California.
Will they get a tax return or refund on unrealized losses?
The taxpayer giveth & the gummit taketh away
Thats quite a confiscation. Echos of Mao.
I suppose they’ll be looking for non-Dutch proxy stock holders.
Suicidally stupid. Norway just saw this and saw tax revenues DECLINE as people took so much money out of the country to avoid the tax that the government got less.
The same thing happened in Argentina. The same thing happens every time this idiocy is tried.
“Will they get a tax return or refund on unrealized losses?”
The answer is in the article.
I won’t spoil it.
Are you gay?
I don’t know his/her orientations but I do know that he/she can be annoying as hell.
By the way, excellent response to TG’s post.
If they’re like our Congress , they’ve exempted themselves.
The tulip market will crash.
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