Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 179

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 179
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 it is subject to backup withholding (and such notification has not been withdrawn).

Backup withholding is not an additional tax. Any
amounts withheld under the backup withholding rules will be allowed as a credit against a U. S. Holder’s U. S. federal income tax
liability and may entitle such holder to a refund, provided that the required information is timely furnished to the IRS. Taxpayers should
consult their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such
an exemption.

Tax Considerations Applicable to Non-U. S. Holders

Taxation of Distributions

In general, any distributions we make to a non-U. S.
Holder of shares on our Ordinary Shares, to the extent paid out of our current or accumulated earnings and profits (as determined under
U. S. federal income tax principles), will constitute dividends for U. S. federal income tax purposes and, provided such dividends are not
effectively connected with the non-U. S. Holder’s conduct of a trade or business within the United States, be subject to U. S. federal
income tax withholding from the gross amount of the dividend at a rate of 30%, unless such non-U. S. Holder is eligible for a reduced rate
of withholding tax under an applicable income tax treaty and provides proper certification of its eligibility for such reduced rate (usually
on an IRS Form W-8BEN or W-8BEN-E, as applicable). Any distribution not constituting a dividend will be treated first as reducing (but
not below zero) the non-U. S. Holder’s adjusted tax basis in our Ordinary Shares and, to the extent such distribution exceeds the
non-U. S. Holder’s adjusted tax basis, as gain realized from the sale or other disposition of the Ordinary Shares, which will be
treated as described under “ Tax Considerations Applicable to Non-U. S. Holders - Gain on Sale, Exchange or Other Taxable Disposition
of Ordinary Shares” below.

Dividends we pay to a non-U. S. Holder that are
effectively connected with such non-U. S. Holder’s conduct of a trade or business within the United States (or if a tax treaty applies
are attributable to a U. S. permanent establishment or fixed base maintained by the non- U. S. Holder) will generally not be subject to
U. S. withholding tax, provided such non-U. S. Holder complies with certain certification