Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 142

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 142
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 purpose or one of the main purposes to avoid taxation of another person, (iv) is not
considered to be the recipient of the interest in its jurisdiction of residence because such jurisdiction treats another (lower-tier) entity as the recipient of the interest (hybrid mismatch), (v) is not treated as resident anywhere (also a hybrid
mismatch), or (vi) is a reverse hybrid whereby the jurisdiction of residence of a higher-tier beneficial owner (achterliggende gerechtigde) that has a qualifying interest (kwalificerend belang) in the reverse hybrid treats the
reverse hybrid as tax transparent and that higher-tier beneficial owner would have been taxable based on one (or more) of the items in (i)-(v) above had the interest been due to him or her directly, all within the meaning of the Dutch Withholding
Tax Act 2021 (Wet bronbelasting 2021). In the event that any withholding would be required pursuant to the Dutch Withholding Tax Act 2021 with respect to payments on the Securities, ING Groep N.V. will not pay any additional amounts in
respect of this withholding.

An entity is generally affiliated within the meaning of the Dutch Withholding Tax Act 2021 if it can
directly or indirectly — either alone or as part of a qualifying unity — control the decisions made by the Issuer. An example of such control includes a situation in which an entity has more than 50% of the voting rights in the Issuer.
An entity is also affiliated if, broadly speaking, the Issuer can directly or indirectly — either alone or as part of a qualifying unity — control the decisions made by that entity. Lastly, an entity is affiliated to the Issuer if a
third party can directly or indirectly — either alone or as part of a qualifying unity — control the decisions of both the Issuer and the other entity.

Taxes on Income and Capital Gains

. Income derived from the Securities or a gain realized on the disposal, redemption, substitution,
variation and/or Conversion of the Securities, by a holder of the Security who is a resident or a deemed resident of The Netherlands for Dutch corporate income tax purposes and who is fully subject to Dutch corporate income tax or is only subject to
Dutch corporate income tax in respect of an enterprise to which the Securities are attributable, is generally taxable in The Netherlands at a rate of 25.8%, with a step-up rate of 19% on the first
€200,000