Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 91

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 91
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 Finally, U. S. Holders who elect to treat the dividend
income as “investment income” pursuant to Section 163(d)(4) of the Code will not be eligible for the preferential rate of
taxation.

The amount of a distribution
with respect to our ordinary shares or ADSs will be measured by the amount of the fair market value of any property distributed, and for
U. S. federal income tax purposes, the amount of any Australian taxes withheld therefrom. Cash distributions paid by us in Australian dollars
will be included in the income of U. S. Holders at a U. S. dollar amount based upon the spot rate of exchange in effect on the date the
dividend is includible in the income of the U. S. Holder, and U. S. Holders will have a tax basis in such Australian dollars for U. S. federal
income tax purposes equal to such U. S. dollar value. If the U. S. Holder subsequently converts the Australian dollars into U. S. dollars
or otherwise disposes of them, any subsequent gain or loss in respect of such Australian dollars arising from exchange rate fluctuations
will be U. S. source ordinary exchange gain or loss.

Subject to certain significant
conditions and limitations, including potential limitations under the Treaty, U. S. Holders may be entitled to a credit against their U. S.
federal income tax liability or a deduction against U. S. federal taxable income in an amount equal to the non-refundable Australian tax
withheld on distributions on our ordinary shares or ADSs. The election to deduct, rather than credit, foreign taxes, is made on a year-by-year
basis and applies to all foreign taxes paid by a U. S. Holder or withheld from a U. S. Holder that year. Distributions paid on our ordinary
shares or ADSs will generally be treated as passive income that is foreign source for U. S. foreign tax credit purposes. As a result of
recent changes to the U. S. foreign tax credit rules, a withholding tax generally will need to satisfy certain additional requirements
in order to be considered a creditable tax for a U. S. Holder. We have not determined whether these requirements have been met and, accordingly,
no assurance can be given that any withholding tax on dividends paid by us will be creditable. U. S. Holders should consult their own tax
advisors to determine whether and to what extent they would be entitled