Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 26

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 26
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 registration, are eligible for registration with the Central Bank of
Brazil. In the case of ADRs, since the shareholder on record is the depositary bank, the depositary bank is responsible for obtaining
the registration. The registration allows the remittance outside Brazil of foreign currency, converted at the Exchange Market rate, acquired
with the proceeds of distributions on, or dispositions of, underlying shares.

10. E.10.09 U. S. federal income
tax considerations

The statements regarding
U. S. tax law set forth below are based on U. S. laws in force on the date of this annual report and changes to such laws subsequent to
the date of this annual report may affect the tax consequences described herein. This summary describes the principal tax consequences
of the ownership and disposition of the shares and ADSs, but it does not purport to be a comprehensive description of all of the tax consequences
that may be relevant to a decision to hold or dispose of the shares and ADSs. This summary applies only to purchasers of the shares and
ADSs who will hold the shares and ADSs as capital assets and does not apply to special classes of holders such as dealers in securities
or currencies, holders whose functional currency is not the U. S. dollar, holders of 10.0% or more, directly or by attribution, of our
shares by vote or value (taking into account shares held directly, through depositary arrangements or through attribution), tax-exempt
organizations, financial institutions, holders liable for the alternative minimum tax, securities traders who elect to account for their
investment in the shares or ADSs on a mark-to-market basis, and persons holding the shares or ADSs in a hedging transaction or as part
of a straddle or conversion transaction. Accordingly, each holder should consult their own tax advisor concerning the overall tax consequences
to it, including the consequences under laws other than U. S. federal income tax laws, of an investment in the shares or ADSs.

In this discussion, references
to a “ U. S. holder” are to a holder of a share or ADR that: (i) is a citizen or resident of the United States; (ii) is a corporation
organized under the laws of the United States of America, any state thereof or the District of Columbia; or (iii) is otherwise subject
to U. S. federal income taxation on a net basis with respect to the shares and ADSs.

If an entity or arrangement