Netherlands Crypto Tax Guide 2025: Latest Belastingdienst Updates

Many crypto transactions are tax-exempt under the current tax guidance in the Netherlands. These activities include:

💳  Buying crypto with EUR.

🔁  Transferring crypto between your own wallets.

🔒  Holding crypto under the annual personal exemption limit.

💸  Selling crypto for EUR.

💰  Trading crypto for crypto.

🎁  Gifting crypto to family & friends (provided you’re not over your tax free allowance).

♥️  Donating crypto to charity.

Crypto is classed as an asset in the Netherlands. Unlike most countries, the Belastingdienst does not impose a Capital Gains Tax on profits from the disposal of assets, though. Instead, investors will pay tax on the presumed increase in value of their assets over a given amount - so holding crypto is taxed in some instances.

In addition to this, Income Tax may apply when you’re earning additional income through crypto investments.

Under the current tax regime, Dutch taxpayers are taxed based on an assumed increase in the value of their assets, including crypto. It’s all a little complicated, so we’ll break it down.The current tax system categorizes assets into one of three categories: bank deposits, other assets, or debts. Crypto is categorized as other assets. Each category of asset is determined to yield a given percentage each year. This figure changes a little each year; but for example, for other assets in 2024, the deemed yield was 6.04%.There is a personal exemption limit. Again, this figure changes each year. But for 2024, it was €57,000. 

The Belastingdienst guidance states that on anything over this amount, you make a deemed yield, and you’ll pay a 36% tax on that presumed return. 

It’s worth noting that there are plans to phase this system out in 2027, so tax reform is coming soon.

You can see the latest rates on the Belastingdienst site here.

Some other crypto transactions may result in additional income, which is subject to Income Tax instead. This includes:

💰  Getting paid in crypto - but your employer must convert your crypto into euros when you receive it
⛏️  Mining crypto as a business
🏦  Staking rewards

As well as this, there are a number of DeFi activities that may be subject to Income Tax - it’ll all depend on whether you’re earning new tokens or not. It’s advisable to speak to an experienced crypto accountant if you have DeFi transactions, as the Belastingdienst has no guidance. 

You can see the latest Belastingdienst Income Tax rates here.

The Belastingdienst does allow deductions due to theft or other loss - however, you’ll need to have solid evidence to prove that you once held the asset and that it was stolen with no chance of recovery.

The Belastingdienst is clear that when it comes to valuing your assets, you must do so based on the value of your assets at the start of the financial year on January 1. You’ll need to identify the fair market value, in EUR, of all your crypto on this date. You’ll also need to consider any other assets you have that fall into this type of taxation, and value these.

If you have more than €57,000 in total assets, you’ll need to identify your weighted average return. You’ll pay 36% tax on this deemed return.

If you have any additional income from crypto, you’ll need to identify the fair market value of this income in EUR on the day you received it to determine the amount you’ll need to pay tax on.

Once you’ve calculated your total asset value and the value of additional income from crypto, you’ll report it online using the MijnBelastingdienst tax portal, like so:

• Box 3 (Vermogensrendementsheffing): Report the value of crypto (and other assets).
• Box 1: Report additional income from crypto. You’d also report profits from day trading here.

Keeping track of your crypto investments, including valuing your assets and identifying the market value of additional income, can be challenging for busy investors. That’s why most investors opt to use a crypto tax calculator like Koinly to simplify the process.

With Koinly, you can connect to Kraken via SSO (OAuth) to automatically import your transaction data or import your data by exporting and uploading CSV files. 

Once Koinly has your transaction data, it will determine your cost basis, the fair market value of any crypto, and more to generate crypto tax reports that help you file.

You can’t legally avoid tax on your crypto without facing fines or worse. You can however reduce your tax liability by:

💎 Sell and trade crypto - your profits are tax free!
🔍  Utilise the personal exemption limit annually to ensure you don’t pay tax over this amount.
♥️  Donate crypto to a registered charity

Now that you understand how your digital asset investments are taxed, why not continue your crypto journey by checking out our Learn Center.