The Dutch parliament is pushing forward with a controversial 36% tax bill that would cover cryptocurrencies.

PANews reported on February 14th that, according to Cointelegraph, the Dutch House of Representatives passed a legislative proposal on February 13th to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The proposal passed with 93 votes, reaching the threshold of 75 votes for passage. According to the proposal, gains from savings accounts, cryptocurrencies, most equity investments, and interest-bearing financial instruments will be taxable regardless of whether the assets are sold. Certain assets, such as startup equity and non-investment physical assets, will be exempt. The proposal still needs approval from the Dutch Senate to take effect, and if passed, it will be officially implemented in the 2028 tax year.

Opponents argue that the bill will drive capital flows to jurisdictions with more favorable tax policies. Investor calculations show that an investor who invests €1,000 per month for 40 years will see their final return drop from €3.32 million to €1.885 million under a 36% tax rate, a difference of €1.435 million.