Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 60

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 60
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 June 2024 and to be implemented
in 2026. It is expected that the amendments include a revision of the CRS for financial accounts and the addition of a new Crypto-Asset
Reporting Framework.

Swiss Facilitation of the Implementation of the U.S. Foreign Account Tax Compliance Act

Switzerland has concluded
an intergovernmental agreement with the U.S. to facilitate the implementation of the Foreign Account Tax Compliance Act. The agreement
ensures that the accounts held by U.S. persons with Swiss financial institutions are disclosed to the U.S. tax authorities either
with the consent of the account holder or by means of group requests within the scope of administrative assistance. Information will not
be transferred automatically in the absence of consent, and instead will be exchanged only within the scope of administrative assistance
on the basis of the double taxation agreement between the U.S. and Switzerland. On September 20, 2019, the protocol of amendment
to the double taxation treaty between the U.S. and Switzerland entered into force, allowing U.S. competent authority in accordance
with the information reported in aggregated form to request all the information on U.S. accounts without a declaration of consent
and on nonconsenting nonparticipating financial institutions.

Implementation of the OECD Global Minimum Tax in Switzerland

In light of the OECD Base
erosion and profit shifting initiative, Switzerland has introduced by means of an ordinance the OECD global minimum tax rate for large
multinational enterprises. The people and cantons approved the necessary constitutional amendment in a popular vote on June 18, 2023.
During its meeting on December 22, 2023, the Federal Council decided to implement the minimum tax rate with the introduction of a
supplementary tax in Switzerland from January 1, 2024, and in its meeting on September 4, 2024 the Federal Council decided to
additionally implement the international minimum tax from January 1, 2025. Based on such ordinance large multinational enterprises
with global turnover of at least EUR 750 million which are effectively taxed below 15% will be liable to a top-up tax (Ergänzungssteuer),
in line with the OECD framework for the Qualified Domestic Minimum Top-up Tax and the Income Inclusion Rule up to 15% minimum taxation.

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SELLING SHAREHOLDER</div>

This prospectus relates to
the possible resale from time-to-time by the Selling Shareholder of any or all of the Common Shares that have been or