“The earning capacity of the Dutch economy calls for a way of taxing wealth that facilitates investment,” the letter read.
It added that most financial instruments would be taxed from 2028 while remaining assets would transition two years later. The letter wasn’t clear whether digital assets would be taxed in 2028 or from 2030.
Bitcoin and digital assets in the Netherlands are currently taxed based on an assumed annual yield rather than your actual or realized profits. Tax authority currently assumes assets earned a notional 4% return, regardless of what you actually earned.
Regulations in Europe regarding crypto and taxes are mixed but on the whole stricter than the U.S.
Since January, the European Union’s DAC8 directive has required crypto exchanges to collect detailed data on their users and transactions and report it to national tax authorities, much like banks already do for ordinary accounts.
But not all countries within the trading bloc are strict: Germany still exempts crypto held for more than a year, and Portugal does the same after 365 days.
This post Tax on Bitcoin Gains? Dutch Government to Introduce Capital Gains Tax From 2028 first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
