Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 169

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 169
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 income tax principles. U. S. holders therefore should expect that distributions generally will be treated as dividends for U. S. federal income tax purposes.

Dividends paid in a currency other than U. S. dollars generally will be includible in your income in a U. S. dollar amount calculated by reference to the exchange rate in effect on the day you receive the dividends, in the case of our shares, or the date the depositary receives the dividends, in the case of our ADSs. You will have a tax basis in any distributed Brazilian currency equal to its U. S. dollar amount on the date of receipt, and any gain or loss realized on a subsequent sale, conversion or other disposition of the Brazilian currency generally will be treated as U. S. source ordinary income or loss. If dividends paid in Brazilian currency are converted into U. S. dollars on the date they are received by a U. S. holder or the Depositary or its agent, as the case may be, the U. S. holder generally should not be required to recognize foreign currency gain or loss in respect of the Brazilian currency. U. S. holders should consult their own tax advisers regarding the treatment of foreign currency gain or loss, if any, on any foreign currency received that is converted into U. S. dollars after it is received.

Dividends received by an individual with respect to our shares or ADSs will be subject to taxation at a preferred rate if the dividends are “qualified dividends.” Subject to certain exceptions for short-term positions, dividends paid on our shares or ADSs will be treated as qualified dividends if:

• the shares and ADSs on which the dividend is paid are readily tradable on an established securities market in the United States; and

• we were not, in the year prior to the year in which the dividend was paid, and are not, in the year in which the dividend is paid, a passive foreign investment company (a PFIC).

Our ADSs are listed on the NYSE and our ADSs should qualify as readily tradable on an established securities market in the United States so long as they are so listed. As described in more detail under “ Item 10. E - Taxation - Passive Foreign Investment Company Status,” below, based on our audited financial statements and relevant market and shareholder data, we believe that we were not treated as a PFIC for U. S. federal income tax purposes with respect to our 2024 and 2023 taxable years and do not expect to be