Netherlands proposes Box 3 tax system for 2028, with unrealized gains from self managed cryptocurrency assets subject to annual taxation

The proposed Box 3 tax system in the Netherlands for 2028 will impose an annual tax on the income from cryptocurrency assets in self managed wallets, even if investors have not sold their assets. Cryptocurrency assets held through banks or regular investment accounts are usually taxed when profits are realized. The proposal has been passed by the Dutch House of Representatives and still requires approval from the Senate before it can become law.