Netherlands to Impose Capital Gains Tax in 2028, Covering 90% of Assets
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The Dutch government plans to levy a tax on investment gains, or Capital Gains Tax, starting in 2028, as part of a major overhaul of the country's wealth taxation system, shifting to taxing actual realised gains when assets are sold instead of the previous system based on assumed returns or unrealised gains. Prime Minister Rob Jetten and Finance Minister Elco Heinen said in a letter to the House of Representatives on Tuesday, September 29, that the cabinet chose the fastest feasible approach so that assets under the wealth tax system enter the capital gains tax regime as comprehensively as possible. On scope, the government proposes covering most financial instruments, including shares, bonds and options, aiming for roughly 90% of assets to enter the new tax system by 2028, while the remaining assets will be phased in over the following two years, or by 2030. At the same time, the government plans to set the tax-exempt threshold for income from savings and investments at 1,000 euros, or about 1,135 US dollars, starting in 2028, alongside improvements to other tax measures. However, the proposed legislative amendment still needs approval from the Dutch Senate by the end of 2026 before it can proceed on the scheduled timeline.