Dutch Parliament Passes Box 3 Wealth Tax Changes That Still Reach Crypto

The Dutch House of Representatives, the Tweede Kamer, adopted the Belastingplan 2027 by 76 votes to 74 this week, NOS reported in its liveblog. Taxlive, a Dutch tax news site, listed the vote among several bills passed, including the novelle expanding Box 3, the wealth tax on investments. The novelle was adopted too, though neither source gave a vote count for it. NOS said JA21, BBB and SGP voted in favor. NOS dated the votes Wednesday, November 11, while Taxlive dated them November 12.

According to Taxlive, a 38.5% Box 3 top rate on returns above 60,000 euros and a reduced regular rate of 35.5% apply from 2029 onward. NOS reported that the extra rate could be introduced in 2029. Taxlive added that the novelle allows a cost deduction for real estate in Box 3, with a start date set by royal decree, and that execution is not possible before 2028.

For crypto, Crypto Insiders reported that a separate Box 3 reform would keep counting the annual value change of directly held crypto as taxable even if the coins are not sold, and that critics have noted the difference from other investments. Crypto Insiders also reported that directly held crypto generally falls under Box 3.

NOS said the Tweede Kamer and the Eerste Kamer, the Senate, want to approve the Box 3 law before the end of the year. It gave no date for a Senate vote.

Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!

Sources:

• NOS liveblog: Tweede Kamer stemt ‘over links’ voor belastingplan

• Taxlive: Tweede Kamer toch akkoord met pakket Belastingplan 2027 en novelle box 3

• Crypto Insiders: Brekelmans: VVD stemt tegen Belastingplan als box 3-deal doorgaat