Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 83

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 10
Chunk 83
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. Federal Income Tax Considerations

The following is a description of the material U. S. federal income tax considerations to U. S. Holders (as defined below) of owning and disposing of our Class A common shares, but it does not purport to be a comprehensive description of all tax considerations that may be relevant to a particular person’s decision to acquire our Class A common shares. This discussion applies only to a U. S. Holder that holds our Class A common shares as capital assets for U. S. federal income tax purposes. This discussion does not address the U. S. federal estate or gift tax or the effects of any state, local or non-U. S. tax laws. In addition, it does not describe all of the tax considerations that may be relevant in light of a U. S. Holder’s particular circumstances, including alternative minimum tax considerations, the potential application of the provisions of the Code known as the Medicare contribution tax and tax considerations applicable to U. S. Holders subject to special rules, such as:

• one of certain financial institutions;

• a dealer or trader in securities who uses a mark-to-market method of tax accounting;

• a person holding a Class A common share as part of a straddle, wash sale, conversion transaction or integrated transaction or entering into a constructive sale with respect to a Class A common share;

• a person whose functional currency for U. S. federal income tax purposes is not the U. S. dollar;

• a person that is subject to the “applicable financial statement” rules under Section 451(b) of the Code;

• an entity classified as a partnership or an S Corporation for U. S. federal income tax purposes;

• a tax-exempt entity, including an “individual retirement account” or “ Roth IRA;”

• a real estate investment trust or a regulated investment company;

• a person that owns or is deemed to own ten percent or more of our stock (by vote or value);

• a person who acquired our Class A common shares pursuant to the exercise of an employee stock option or otherwise as compensation; or

• a person that holds Class A common shares in connection with a trade or business conducted outside of the United States or in connection with a permanent establishment or other fixed place of business outside of the United States.

If a partnership (or other entity or arrangement classified as a partnership for U. S. federal income tax purposes) holds our Class A common shares, the U. S. federal income tax treatment of a partner will generally depend