Source: Atlas21 | archive

The bill includes bitcoin and cryptocurrencies among assets subject to unrealized capital gains tax. The Dutch House of Representatives approved a legislative proposal introducing a 36% tax on capital gains from liquid savings and investments, including digital assets. The measure reached the required threshold of 75 votes with 93 parliamentarians in favor . Under the proposal, savings accounts, cryptocurrencies, most equity investments and gains from interest-bearing financial instruments are subject to the tax, regardless of whether the assets are sold or not. Some assets are exempt from the 36% tax, such as stakes in qualified startups and physical properties used for non-investment purposes. The legislation still needs to be approved by the Dutch Senate before becoming law. If enacted, it would take effect in the 2028 tax year . Critics argue the measure will push capital out of the Netherlands toward jurisdictions with more favorable tax laws. Denis Payre , co-founder of logistics company Kiala, commented : “France did this in 1997 and saw a massive exodus of entrepreneurs leaving the country.” Crypto market analyst Michaël van de Poppe called the proposal “the stupidest thing I’ve seen in a long time,” adding that “the number of people willing to flee the country will be enormous.” According to calculations by Investing Visuals , an investor starting with €10,000 and contributing €1,000 monthly for 40 years would end up with approximately €3,320,000. However, the new 36% tax reduces the total amount after 40 years to approximately €1,885,000, a difference of €1,435,000. The post Netherlands: House of Representatives approves 36% tax on digital assets and investments appeared first on Atlas21 .