Company: TCOM
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-078429
Chunk: 197

Company: Trip.com Group Ltd
Filing Date: 2025-04-11
Form: 20-F
Item: Item 10
Chunk 197
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, all as currently in effect as of the date hereof and all of which are subject to change or differing interpretations (possibly with retroactive effect). 
 This discussion does not describe all of the U.S. federal income tax considerations that may be applicable to U.S. Holders in light of their particular circumstances or U.S. Holders subject to special treatment under U.S. federal income tax law, such as: 
 

•   banks, insurance companies and other financial institutions;
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•   tax-exempt entities;
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•   real estate investment trusts;
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•   regulated investment companies;
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•   dealers or traders in securities;
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•   certain former citizens or residents of the United States;
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•   persons that elect to mark their securities to market;
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•   persons holding our ADSs or ordinary shares as part of a “straddle,” conversion or other integrated transaction;
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•   persons that have a functional currency other than the U.S. dollar; and
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•   persons that actually or constructively own 10% or more of our equity (by vote or value).
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 In addition, this discussion does not address any U.S. state or local or non-U.S. tax considerations or any U.S. federal estate, gift, minimum tax or Medicare tax on certain net investment income considerations. U.S. Holders should consult their tax advisors concerning the U.S. federal income tax considerations to them in light of their particular situation as well as any considerations arising under the laws of any other taxing jurisdiction. 
 For purposes of this discussion, a “U.S. Holder” is a beneficial owner of our ADSs or ordinary shares that is, for U.S. federal income tax purposes: 
 

•   an individual who is a citizen or resident of the United States;
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•   a corporation (or other entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof, or the District of Columbia;
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•   an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or
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•   a trust that (i) is subject to the primary supervision of a court within the United States and the control of one or more U.S. persons or (ii) has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person