NewsCase StudiesEvents

Dutch Taxation On Cryptocurrency For The Dutch BV

Also in the news...

Foreign Secretary travels to India to strengthen economic and tech ties, October 2021

Liz Truss announces technology and infrastructure tie-ups with India to boost both economies and help developing countries grow in a clean and sustainable way.

International Trade Week launched to support new exporters

Trade department support for exporters in week-long event taking place next month

Moving Abroad For Work: How To Manage Your Finances

Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.

International Trade Secretary opens the Global Investment Summit

Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.

Croatia: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Croatia.

Jeroen Mijlof

Jeroen Mijlof

Dutch Tax, Accounting and Brexit Expert

> Ask me a question

Dutch Taxation On Cryptocurrency For The Dutch BV

Back to News

Do you have any questions about the accounting of cryptocurrency?

Dutch taxation on cryptocurrency for the Dutch BV

Cryptocurrency, broadly defined as virtual or digital money, is already accepted as payment by some major companies.

You can pay for your coffee at Starbucks using your Bitcoins. Or even buy a Tesla using your Bitcoins. But what are the tax consequences if your Dutch BV (private limited liability company)is paid in Bitcoins or another cryptocurrency

Cryptocurrency and taxation of the Dutch BV

By law, the Dutch BV carries out its business with all its assets. Bitcoins and other cryptocurrency that a BV holds, therefore belong to the company’s capital. As a result, realized gains are taken into account as profits. Losses are deductible. The taxable profit is taxed with corporate income tax.The current (for 2021) Dutch corporate income tax rate is 25% (15% on the first €245.000).

Cryptocurrency as payment

Received Bitcoins and other cryptocurrency in return for goods sold or services rendered are recognized as turnover. The value has to be converted into euros. The converted amount is the turnover taken into account. When exchanging cryptocurrency, you make a profit or loss. This is reflected as well in your profit and loss statement.

Cryptocurrency present on balance sheet date

In addition, Bitcoin and other cryptocurrency that are present on balance sheet date in the BV are valued at cost price or lower market value (as current assets or inventory). Consequently, no profit needs to be taken into account if the value has increased above cost price on balance sheet date. When the market value is lower than the cost price, this loss is taken into account. When the cryptocurrency is sold, the profit or loss is reflected in the profit and loss statement.

In practice Cryptocurrency

Below an example of the valuation of cryptocurrency against cost or lower market value. This example illustrates that losses are taken when they occur and gains are accounted for when realized.


  1. On January 1st 2020 you (the company) have received 1 Bitcoin against a value of €1.000 (cost)
  2. The market value on December 31, 2020, is €500;
  3. The market value on December 31, 2021, is €1.200;
  4. On March 31 2022 you sell your 1 Bitcoin against a value of € 1.600
Click here for the table

This treatment result in that each cryptocurrency that is received by the company needs to be tracked. The values are based on a transaction base and/or a monthly approach (this depends on the volume of the transactions). When sales of cryptocurrencies occur, this is treated through a first-In-First-Out (FIFO) methodology.

Note that: if a company only trades in cryptocurrencies and has no other activities, cryptocurrencies shall be valued against market value.

Do you have any questions about the accounting of cryptocurrency? Or curious how you as private individual or entrepreneur are taxed for your cryptocurrency? Contact us for more information.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.