Dutch Finance Minister Backtracks on Controversial 36% Unrealized Gains Tax for Crypto Investors
Dutch Finance Minister Eelco Heinen has conceded that proposed legislation to tax unrealized gains on cryptocurrencies and other assets requires revision following widespread criticism. The draft bill, slated for implementation in 2028, WOULD have imposed a 36% levy on paper gains for holdings including BTC, ETH, and other digital assets—even without liquidation events.
"The current formulation cannot proceed unchanged," Heinen told RTL Nieuws, acknowledging flaws in the Actual Return in Box 3 Act. The minister confirmed plans to revisit the tax framework with parliamentary colleagues, emphasizing the 2028 effective date allows time for amendments. Market participants had warned the policy could drive capital to jurisdictions with clearer crypto tax regimes.
