Cryptocurrency and taxation in the Netherlands

The popularity of blockchain and its adoption by mainstream industry has focused international attention on the tax treatment of cryptocurrencies. Friggo Kraaijeveld, partner at Kraaijeveld Coppus Legal, examines how the Dutch tax authority treats crypto assets from personal tax to corporate income tax

The Netherlands is one of Europe’s most progressive nations in terms of blockchain and has already developed extensive tax legislation to cope with this new concept. The Dutch tax treatment of cryptocurrency for Dutch personal income tax is complex and this article considers the implications for corporate income tax and value added tax (VAT). The taxation of cryptos can differ dependent on these characteristics, but the tax owed can only be paid in fiat money (euro) and not in any cryptocurrency.

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