Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 214

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 214
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 Directive on administrative cooperation in direct taxation, Directive 2011/16/EU (“ DAC1”). Since the CRS and DAC2 were implemented into legislation as per January 1, 2016 in most countries, financial institutions have to identify their account holder’s country of tax residence and report specified account information to the tax administration. The tax administration in turn exchanges this information with the tax administration of the account holder’s tax jurisdiction(s). U.S. Taxation This subsection deals only with debt securities that are treated as indebtedness for U.S. federal income tax purposes and are due to mature 30 years or less from the date on which they are issued. The U.S. federal income tax consequences of owning debt securities that are to mature more than 30 years from their date of issue -101-

or are otherwise not treated as indebtedness for U.S. federal income tax purposes and any other special U.S. federal income tax consequences applicable to a particular series of debt securities
will be discussed in the applicable prospectus supplement.

There is no direct legal authority as to the proper U.S. federal income tax
treatment of an instrument that is denominated as a debt instrument and has significant debt features, but that is subject to statutory bail-in powers such as the Dutch Bail-in Power. Therefore, U.S. holders should consult their tax advisors as to
the proper characterization for U.S. federal income tax purposes of debt securities that are subject to the Dutch Bail-in Power.

The following describes the tax consequences to a U.S. holder (as described above). If you are not a U.S. holder, this does
not apply to you and you should refer to “— Non-U.S. Holders” below.

Payments of Interest

Except as described below in the case of interest on a discount debt security that is not qualified stated interest, each
as defined below under “— Original Issue Discount — General,” you will be taxed on any interest on your debt security, whether payable in U.S. dollars or a foreign currency, including a composite currency or basket of currencies
other than U.S. dollars, as ordinary income at the time you receive the interest or when it accrues, depending on your method of accounting for tax purposes.

Interest paid by us on the debt securities and original issue discount, if any, accrued with respect to the debt securities (as described
below under “— Original Issue Discount”) and any additional amounts paid with respect to withholding tax on the debt securities, including withholding tax on payments of such additional amounts