February 13 News, the Dutch House of Representatives approved the “Third Box Actual Return Act” (Wet werkelijk rendement box 3) this week, planning to reshape the country’s investment tax system starting January 2028. The new system will tax the “actual returns” of most investment assets such as stocks, cryptocurrencies, and bonds, at an approximate rate of 36%. This means that even if investors have not sold their assets, they are still required to pay annual taxes on unrealized gains.
Under the current framework, taxes are largely based on assumed yields, whereas the new law will directly tax real returns. This change is seen as a significant shift in the Dutch tax system. For highly volatile assets like cryptocurrencies, the mechanism of taxing unrealized gains could impose noticeable liquidity pressures. Some community members warn that if the market experiences a downturn, investors may face the risk of rapid erosion of paper profits after paying taxes.
It is important to note that real estate and shares in startups will be subject to different rules. These assets will still primarily be taxed based on capital gains upon actual sale, but income such as rent and dividends will still need to be taxed in the year they are received. This differentiated treatment is considered a buffer for long-term projects and the real economy.
To reduce systemic risks, the parliament also passed an amendment shortening the assessment cycle from five years to three years, allowing for quicker revisions if significant issues arise with the new system. Meanwhile, the ruling coalition composed of D66, VVD, and CDA has stated plans to eventually transition to a more traditional capital gains tax model, taxing only upon asset sale, with a draft bill expected to be submitted before the 2028 budget.
Although this transitional plan may ease cash flow pressures, government tax revenue could decrease in the short term. For investors, the policy developments and legislative progress over the next two years will be key variables influencing asset allocation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Israel Defense Minister Says Removing Enriched Uranium from Iran Is Precondition for Ending Conflict
Israeli Defense Minister Katz announced that Israel's military actions, including the "12-Day War" against Iran in 2025, have dismantled Iran's nuclear program. The U.S. and Israel demand the removal of enriched uranium as a condition to cease regional military operations.
GateNews1h ago
IMF cuts its 2026 global economic growth forecast to 3.1%, with Middle East hostilities being the main drag
Gate News message, April 14, the International Monetary Fund (IMF) released its latest edition of the World Economic Outlook report, lowering its forecast for global economic growth in 2026 by 0.2 percentage points to 3.1%. The report notes that the fighting in the Middle East has significantly affected the current momentum of global economic growth. If the fighting and high oil prices continue for longer, this year global economic growth will fall to 2.5% or even lower.
GateNews3h ago
Nauru appoints crypto entrepreneur Dadvan Yousuf as Commissioner for International Trade, driving a digital asset strategy
Nauru appoints cryptocurrency entrepreneur Dadvan Yousuf as its Commissioner for International Trade to advance a digital asset strategy, attract global investment, strengthen cooperation with virtual service providers and technology companies, and help position Nauru as a virtual asset hub.
GateNews6h ago
Reuters: The U.S.-Iran delegation will hold talks in Pakistan later this week
Gate News message, April 14, Reuters reported, citing sources, that U.S. and Iranian delegations will hold talks in Islamabad, the capital of Pakistan, later this week.
GateNews9h ago
Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP
Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.
MarketWhisper10h ago
U.S. banks question the White House’s stablecoin yield report, concerned about the risk of deposit outflows
U.S. banks are questioning a White House stablecoin yield report, arguing that it overlooks the impact of stablecoins on deposit outflows, which could lead to higher financing costs and reduced local lending. The two sides are currently negotiating an agreement on the Senate bill, and a ban on paying stablecoin interest is the focus of the dispute.
GateNews11h ago
