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
Trump: If progress in U.S.-Iran talks is not smooth, the U.S. is ready to "restart"
Gate News message: On April 11, U.S. President Donald Trump said in an interview on April 11 local time that he currently does not know the progress of the negotiations between the United States and Iran that day. When asked whether the U.S.-Iran negotiations have officially started, Trump confirmed and said, "Yes." Regarding whether Iran is conducting sincere talks, he said he would provide an answer within a very short time and it would not take long. When asked whether he was optimistic about this, Trump responded that if things do not go smoothly, the United States is ready to "restart." (CCTV News)
GateNews56m ago
The Israel Defense Forces said it carried out attacks on more than 200 Hezbollah targets within Lebanon over the past 24 hours.
The Israel Defense Forces conducted airstrikes in Lebanon, targeting more than 200 locations within the past 24 hours, all of which were associated with the Hezbollah organization. The military continues to strike infrastructure linked to Hezbollah and supports ground forces’ operations to prevent artillery fire attacks on Israel.
GateNews58m ago
Iranian military denies reports that an American ship crossed the Strait of Hormuz
Gate News message. On April 11, according to Iran's state television, an Iranian senior military official denied reports about any U.S. ships transiting the Strait of Hormuz.
GateNews1h ago
Iranian official: Iran-U.S. talks are currently being held in a non-face-to-face format
Gate News message. On April 11, Reza Nazari, an advisor to the Iranian Ministry of Information and Communications, told Xinhua News Agency reporters on April 11 that there would be no in-person talks until the concerns on Iran’s side are addressed. He said: "I’ve also seen reports that U.S.-Iran negotiations have been launched, but at this stage, these negotiations are not in person."
GateNews1h ago
Trump: Keep a close watch on fertilizer prices and will not tolerate price gouging.
Gate News announcement, April 11, Trump posted on the Truth platform saying that in the struggle to secure freedom in Iran, he is closely watching fertilizer prices. The United States will absolutely not tolerate fertilizer monopoly companies inflating prices, and he emphasized, “American farmers, we’re with you.” Agricultural fertilizer is one of the main products the United States imports through the Strait of Hormuz.
GateNews1h ago
A CEX provides temporary relocation for employees in the UAE to respond to the impact of the conflict in the Middle East
Due to the Middle East situation, a certain CEX is offering its UAE employees options for temporary relocation to places such as Hong Kong and Tokyo. Although many employees choose to stay in the UAE, the company’s business operations are running normally. This move is intended to provide support for employees. At the same time, the Middle East conflict has affected the schedules of multiple crypto events and exhibitions.
GateNews1h ago
