Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 364

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 364
---
 corporate income tax rate of approximately 18.9% (including direct federal as well as cantonal/communal taxes). In addition, an annual capital tax rate of approximately 0.16% is levied on the net equity of NLS. Swiss Withholding Tax on Dividends and other Distributions Dividend payments and similar cash or in -kinddistributions on the NLS Common Shares or Preferred Shares (including dividends on liquidation proceeds and share dividends) that NLS makes to shareholders are subject to Swiss withholding tax (Verrechnungssteuer) at a rate of 35% on the gross amount of the dividend. NLS is required to withhold the Swiss withholding tax from the dividend and remit it to the Swiss Federal Tax Administration. Distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contribution reserves (Reserven aus Kapitaleinlagen) are not subject to Swiss withholding tax. The redemption of NLS Common Shares or Preferred Shares may under certain circumstances (in particular, if the NLS Common Shares or Preferred Shares are redeemed for subsequent cancellation) be taxed as a partial liquidation for Swiss withholding tax purposes, with the consequence that the difference between the repurchase price and the nominal value of the shares (Nennwertprinzip) plus capital contribution reserves (Reserven aus Kapitaleinlagen) is subject to Swiss withholding tax. The Swiss withholding tax is refundable or creditable in full to a Swiss tax resident corporate and individual shareholder as well as to a non -Swisstax resident corporate or individual shareholder who holds the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland, if such person is the beneficial owner of the distribution and, in the case of a Swiss tax resident individual who holds the NLS Common Shares or Preferred Shares as part of his private assets, duly reports the gross distribution received in his individual income tax return or, in the case of a person who holds the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland, recognizes the gross dividend distribution for tax purposes as earnings in the income statements and reports the annual profit in the Swiss income tax return. If a shareholder who is not a Swiss resident for tax purposes and does not hold the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland receives a distribution from NLS, the shareholder may be entitled to a full or partial refund or credit of