Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 182

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 182
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 tax rate under your particular
circumstances.

The amount of any distribution paid in a currency
other than U. S. dollars (a “foreign currency”), including the amount of any withholding tax thereon, will be included in the
gross income of a U. S. Holder in an amount equal to the U. S. dollar value of the foreign currency calculated by reference to the exchange
rate in effect on the date of the U. S. Holder’s (or, in the case of ADSs, the depositary’s) receipt of the dividend, regardless
of whether the foreign currency is converted into U. S. dollars. If the foreign currency is converted into U. S. dollars on the date of
receipt, a U. S. Holder generally should not be required to recognize a foreign currency gain or loss in respect of the dividend. If the
foreign currency received in the distribution is not converted into U. S. dollars on the date of receipt, a U. S. Holder will have a basis
in the foreign currency equal to its U. S. dollar value on the date of receipt. Any gain or loss on a subsequent conversion or other disposition
of the foreign currency will be treated as U. S. source ordinary income or loss.

  141  

Subject to certain conditions and limitations, any
Israeli taxes withheld on dividends may be creditable against a U. S. Holder’s U. S. federal income tax liability, subject to generally
applicable limitations. The rules relating to foreign tax credits and the timing thereof are complex. U. S. Holders should consult their
own tax advisors regarding the availability of a foreign tax credit in their particular situation.

Sale or Other Disposition of Ordinary Shares or
ADSs

Subject to the discussion under “Item 10.
Additional Information - Taxation - U. S. Federal Income Tax Considerations - Passive Foreign Investment Companies”
below, if a U. S. Holder sells or otherwise disposes of its Ordinary Shares or ADSs, gain or loss will be recognized for U. S. federal income
tax purposes in an amount equal to the difference between the amount realized on the sale or other disposition and such holder’s
adjusted basis in the Ordinary Shares or ADSs. Such gain or loss generally will be a capital gain or loss, and will be a long-term capital
gain or loss if the holder had held the Ordinary Shares or ADSs for more than one year at the time of the sale or other disposition. Long-term