Dutch lawmakers approve a 36% tax on unrealized crypto, stock, and bond gains

The Dutch House of Representatives has approved a new tax law imposing a 36% tax on unrealized gains from savings, stocks, and cryptocurrencies, starting in January 2028. This replaces the previous system that taxed assumed returns, deemed unconstitutional by the Dutch Supreme Court.

Earnings must now be reported even if not realized, which some critics argue may lead to liquidity issues. The law also introduces a tax-free return limit of €1,800 and allows for loss carry-forwards.

Senate approval is still required before the law takes effect.