The Netherlands plans to replace its Box 3 wealth tax system from January 1, 2028, with taxation based largely on actual investment returns 📅
Under the proposed rules, annual increases in assets such as crypto could become taxable even before they are sold 💰
The proposed tax rate is 36% on taxable investment returns, not on the total value of Bitcoin, gold or other assets 📊
For example, a €50,000 unrealized crypto gain could result in €18,000 of tax before the investor converts the crypto to cash ⚠️
Investment gold could face similar treatment, creating the same liquidity challenge when assets rise without generating cash 🪙
Losses could be carried forward against future Box 3 income, while the government is considering additional loss relief from 2029.
The legislation has passed the Dutch House of Representatives but still requires Senate approval, with further changes under consideration.
Today's Pill - the Netherlands is moving toward taxing annual investment gains, meaning crypto and gold investors may need to plan for taxes on gains that exist only on paper 🔄
Under the proposed rules, annual increases in assets such as crypto could become taxable even before they are sold 💰
The proposed tax rate is 36% on taxable investment returns, not on the total value of Bitcoin, gold or other assets 📊
For example, a €50,000 unrealized crypto gain could result in €18,000 of tax before the investor converts the crypto to cash ⚠️
Investment gold could face similar treatment, creating the same liquidity challenge when assets rise without generating cash 🪙
Losses could be carried forward against future Box 3 income, while the government is considering additional loss relief from 2029.
The legislation has passed the Dutch House of Representatives but still requires Senate approval, with further changes under consideration.
Today's Pill - the Netherlands is moving toward taxing annual investment gains, meaning crypto and gold investors may need to plan for taxes on gains that exist only on paper 🔄