Dutch lawmakers plan to support taxing unrealized gains from 2028 onwards

The majority of Dutch parliament members plan to support taxing unrealized gains on capital gains, including cryptocurrencies, starting from 2028. The reform is called the 'Box 3 Real Return Tax Law', which will calculate asset appreciation on an annual basis, with an expected tax rate of 36%. Investors holding assets such as Bitcoin and stocks are required to pay taxes on their annual book profits even if they have not been sold. This move stems from a Dutch court ruling that the previous practice of taxing based on virtual returns was illegal, and delaying its implementation would result in an annual loss of 2.3 billion euros for the government.