Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 138

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 138
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 European part of the Kingdom of The Netherlands. -94-

For the purpose of this summary, the term “entity” means a corporation as well as any other person that is taxable as a corporation for Dutch corporate income tax purposes. Withholding Tax Generally, all payments by ING Groep N.V. in respect of the debt securities can be made without withholdings or deductions for or on account of any taxes, duties or charges of any nature whatsoever that are or may be withheld or assessed by The Netherlands, any political subdivision thereof or therein or any of their representatives, agents or delegates. However, Dutch withholding tax may apply on certain (deemed) interest due and payable to an affiliated ( gelieerde) entity of ING Groep N.V. if such entity (i) is considered to be resident ( gevestigd) in a jurisdiction that is listed in the yearly updated Dutch Regulation on low-taxingstates and non-cooperativejurisdictions for tax purposes ( Regeling laagbelastende staten en niet-coöperatieverechtsgebieden voor belastingdoeleinden), or (ii) has a permanent establishment located in such jurisdiction to which the interest is attributable, or (iii) is entitled to the interest payable for the main purpose or one of the main purposes to avoid taxation of another person, or (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 debt 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