Netherlands House Backs 36% Capital Gains Tax on Crypto and Other Liquid Assets From 2028

The Dutch House of Representatives has voted to advance a bill introducing a 36% capital gains tax on savings, most liquid investments and cryptocurrencies, including unrealized gains. The measure, targeted for implementation in the 2028 tax year, still requires approval from the Senate and has drawn criticism over potential investor relocation and capital outflows. Dutch indirect crypto investments reached about €1.2 billion by October 2025, while some market participants warn the proposal could weaken the country's appeal for fintech and digital asset businesses.