According to DL News, Dutch Finance Minister Eelco Heinen stated his intention to revise the controversial tax bill on unrealized gains from digital assets. The bill, approved by the Dutch House of Representatives on February 12, originally proposed taxing Dutch citizens at a rate of 36% on the increased value of their cryptocurrency holdings, even if those assets had not been sold. In an interview with RTL Nieuws, Heinen acknowledged: "This law cannot pass in its current form. There is a problem here; the existing law needs to be amended." The most contentious aspect of the policy, known as the "Box 3 Actual Return Bill," is that taxpayers could face substantial tax bills if the value of their assets rises one year and plummets the next, even if they ultimately incur a loss. The bill still requires approval from the Dutch Senate and would take effect no earlier than January 1, 2028. Heinen said he has consulted with the Secretary of State and plans to "rethink the approach and engage in discussions with both the House of Representatives and the Senate to determine how to amend the bill."
Dutch Government to Revise Controversial Crypto Unrealized Gains Tax Bill
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Summary
Dutch Finance Minister Eelco Heinen confirmed that the government will revise the controversial capital gains tax on unrealized crypto gains. The House of Representatives passed the bill on February 12, imposing a 36% tax on appreciated assets that have not been sold. Heinen acknowledged during an RTL Nieuws interview that the law “cannot stand as it is.” The CFT (Countering the Financing of Terrorism) compliance aspect remains a consideration in ongoing discussions. Known as the 'Box 3 Actual Return Act,' the policy has faced criticism for potentially causing losses. Amendments are currently being negotiated with the Senate ahead of a 2028 implementation date.
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