Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 157

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 10
Chunk 157
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 the consequences
of the resulting alternative treatments will be in their particular circumstances.

If we are a PFIC (or with respect to a particular
U. S. Holder are treated as a PFIC) for a taxable year of ours in which we pay a dividend or for the prior taxable year, the preferential
tax rate described above with respect to dividends paid to certain non-corporate U. S. Holders will not apply.

We do not intend to provide information
necessary for U. S. Holders to make qualified electing fund elections which, if available, would result in tax treatment different from
the general tax treatment for PFICs described above.

If we are a PFIC for any taxable
year during which a U. S. Holder owns any ordinary shares, the U. S. Holder will generally be required to file annual reports on an Internal
Revenue Service Form 8621. Substantial penalties and other adverse tax consequences may apply for failure to timely file such reports.
U. S. Holders should consult their tax advisers regarding the determination of whether we are a PFIC for any taxable year and the potential
application of the PFIC rules to their ownership of ordinary shares.

Information Reporting and Backup Withholding

Payments of distributions and
sales proceeds that are made within the United States or through certain U. S. related financial intermediaries may be subject to information
reporting and backup withholding, unless (i) the U. S. Holder is a corporation or other “exempt recipient” (and establishes
that status if required to do so) or (ii) in the case of backup withholding, the U. S. Holder provides a correct taxpayer identification
number and certifies that it is not subject to backup withholding. The amount of any backup withholding from a payment to a U. S. Holder
will be allowed as a credit against its U. S. federal income tax liability and may entitle it to a refund, provided that the required information
is timely furnished to the Internal Revenue Service.

Certain U. S. Holders who are
individuals (or certain specified entities) may be required to report information relating to their ownership of ordinary shares or non-U. S.
financial accounts through which ordinary shares are held, on Internal Revenue Service Form 8938. Substantial penalties and other tax
consequences may apply for failure to timely file such reports. U. S. Holders should consult their tax advisers regarding their reporting
obligations with respect to our ordinary shares