Netherlands Eyes Annual Tax on Unrealized Gains for Stocks and Crypto

Dutch lawmakers are advancing a proposal to levy an annual tax on unrealized gains from financial assets, with reporting indicating the change could take effect from 2028 as part of an investment tax overhaul ^[3][1].

The measure would cover a range of financial holdings — including equities, bonds and cryptocurrencies — by taxing gains while they remain unrealized rather than only when assets are sold, according to coverage of the proposal ^[3][1].

Investors, crypto users and industry groups have warned the proposal could drive capital flight, prompt an exodus of talent and reduce market confidence, raising concerns about higher costs and reduced flexibility for holders of stocks and crypto ^[2][4][3].

Lawmakers have continued to push the proposal through parliamentary channels, sparking debate about its design and the potential economic effects on the Netherlands' financial and crypto sectors ^[3][1].

The proposal remains under legislative consideration, and stakeholders — from policymakers to investors — are engaging in debate over implementation details and economic consequences ^[3][2].