The Dutch government will amend the cryptocurrency unrealized gains tax bill

Deep Tide TechFlow News, February 26 — According to DL News, Dutch Finance Minister Eelco Heinen announced plans to amend the previously controversial tax law on unrealized gains from digital assets. The bill was approved by the Dutch House of Representatives on February 12, originally proposing a 36% tax on the appreciation of cryptocurrencies held by Dutch citizens, even if these assets have not been sold.

In an interview with RTL Nieuws, Heinen admitted, “This law cannot pass as it is. There is a problem, and the current law needs to be amended.” The policy, known as the “Box 3 Actual Return Law,” faces significant controversy because if asset values increase in one year but plummet the next, taxpayers could face hefty tax bills even if they ultimately incur losses.

The bill still requires approval from the Dutch Senate and is expected to take effect no earlier than January 1, 2028. Heinen stated that he has discussed this matter with the Secretary of State and plans to “reassess and discuss with both the House of Representatives and the Senate on how to amend the bill.”