Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 117

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 10
Chunk 117
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 or instruct someone who holds any of the aforesaid rights regarding the manner
in which he or she is to exercise such right(s), and whether by virtue of shares, rights to shares or other rights, or in any other manner,
including by means of voting or trusteeship agreements.

The term “ Israeli resident”
for individuals is generally defined under the Israeli Tax Ordinance, as an individual whose center of life is in Israel. According to
the Israeli Tax Ordinance, in order to determine the center of life of an individual, account will be taken of the individual’s
family, economic and social connections, including, but not limited to: (a) the place of the individual’s permanent home; (b) the
place of residence of the individual and the individual’s family; (c) the place of the individual’s regular or permanent
place of business or the place of the individual’s permanent employment; (d) place of the individual’s active and substantial
economic interests; (e) place of the individual’s activities in organizations, associations and other institutions. The center
of life of an individual will be presumed to be in Israel if: (a) the individual was present in Israel for 183 days or more
in the tax year; or (b) the individual was present in Israel for 30 days or more in the tax year, and the total period of the
individual’s presence in Israel in that tax year and the two previous tax years is 425 days or more. The presumption in this
paragraph may be rebutted either by the individual or by the assessing officer.

Taxation of
Israeli Resident Corporations on Receipt of Dividends

Israeli resident corporations
are generally exempt from Israeli corporate income tax with respect to dividends paid on our Ordinary Shares unless the distribution is
from a Preferred Enterprise, as defined below.

Capital Gains
Taxes Applicable to Israeli Resident Shareholders

The income tax rate applicable
to Real Capital Gain, which is the excess of the total capital gain over inflationary surplus computed generally on the basis of the increase
in the Israeli consumer price index between the date of purchase and the date of disposal, derived by an Israeli individual from the sale
of shares which had been purchased after January 1, 2012, whether listed on a stock exchange or not, is 25.0%. However, if such shareholder
is considered a “ Substantial Shareholder” (as defined above) at the time of sale or at any time during the preceding