Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 254

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 254
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 from the Ordinary Shares that do not represent a Qualified Holding may be excluded from the taxable base if the social security entity earmarks the Ordinary Shares as eligible investment under Article 1(89) of Finance Act 2017 (as subsequently amended) to the extent, however, that investment in the Ordinary Shares (and other qualifying shares or units in undertakings for collective investment investing mainly in qualifying shares) represent no more than 10% of the gross asset value of the social security entity of the previous year. According to Article 1(44 – 46) of Finance Act 2021, 50% of the dividends paid to non -businessentities referred to in Article 73(1)(c) CITA will be excluded from their IRES taxable base provided that they: (i) exclusively or mainly carry out any of the qualifying non -profitactivities listed in Article 1(45) of Finance Act 2021 and (ii) earmark the related tax savings to a non -distributablereserve and use these resources to finance these non -profitactivities. Investment Funds, SICAVs and SICAFs Dividends received by Italian investment funds and Italian investment companies with variable or fixed capital (“SICAVs” and “SICAFs”), other than real estate investment funds/SICAVs/SICAFs, are not subject to any withholding tax or substitute tax provided that(i) they are established in Italy and (ii) the investment fund, SICAV, SICAF or their manager is subject to the supervision of a regulatory authority. These dividends are included in the results of the investment fund, SICAVs or SICAFs, which are not subject to tax at the level of the investment fund, SICAV or SICAF, but a withholding tax at 26% rate may apply, in certain circumstances, to distributions made in favor of certain categories of unitholders or shareholders of the investment fund, SICAV or SICAF. Real estate Investment Funds and Real Estate SICAFs Dividends received by Italian -residentreal estate investment funds established pursuant to Article 37 of Legislative Decree No. 58 of 24 February 1998, as amended and supplemented, or pursuant to Article 14 -bisof Law No. 86 of 25 January 1994 (“ Real Estate Investment Funds”), and by Italian real estate SICAFs (“ Real Estate SICAFs”) are not subject to any withholding