Dutch lawmakers back 36% crypto capital gains tax
The Dutch crypto community is raising alarm over a controversial bill proposing a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies.
Under the proposal, savings accounts, cryptocurrencies, most stock investments, and profits generated from interest-bearing financial instruments would be taxed regardless of whether the assets were sold.
In the House of Representatives vote, 93 lawmakers supported the bill, exceeding the required 75 votes. The proposal must now also be approved by the Dutch Senate before it can take effect in the 2028 tax year if adopted. However, many crypto investors are already sounding the alarm and predicting capital flight from the country.
“France did this in 1997 and witnessed a massive outflow of entrepreneurs,” said Denis Payre, co-founder of logistics company Kiala.
Long-term savings nearly halved
Cryptocurrency analyst Michaël van de Poppe described the proposal as “the dumbest thing I’ve seen in a long time.”
“The number of people willing to leave the country will be extraordinary,” he added, echoing concerns expressed by other industry analysts and business leaders.
According to Investing Visuals, an investor who starts with €10,000 and contributes €1,000 per month over 40 years would accumulate approximately €3,320,000 by the end of that period.
A comparison of an investment compounded over 40 years without the 36% unrealized gains tax and with the tax. Source: Investing Visuals, Cointelegraph.
However, the new 36% tax would reduce the total amount after 40 years to roughly €1,885,000 — a difference of €1,435,000, Investing Visuals reports.
The prevailing view within the crypto community is that the bill would drive capital out of the Netherlands into jurisdictions with more favorable tax regimes, as investors seek refuge from what they describe as confiscatory taxation.
As we wrote, New EU law targets crypto tax reporting starting in 2026
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