Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 276

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 276
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 Reserven aus Kapitaleinlagen”)
is subject to Swiss federal withholding tax.

The Swiss federal withholding
tax is refundable or creditable in full to a Swiss tax resident corporate and individual shareholder as well as to a non-Swiss tax resident
corporate or individual shareholder who holds the common shares as part of a trade or business carried on in Switzerland through a permanent
establishment or fixed place of business situated for tax purposes 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 common 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 common shares as part of a trade or
business carried on in Switzerland through a permanent establishment or fixed place of business situated for tax purposes 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 common shares in connection with the conduct of a trade or business in Switzerland
through a permanent establishment or fixed place of business situated, for tax purposes in Switzerland, receives a distribution from the
Company, the shareholder may be entitled to a full or partial refund or credit of Swiss federal withholding tax incurred on a taxable
distribution if the country in which such shareholder is resident for tax purposes has entered into a treaty for the avoidance of double
taxation with Switzerland and the further prerequisites of the treaty for a refund have been met. Shareholders not resident in Switzerland
should be aware that the procedures for claiming treaty benefits (and the time required for obtaining a refund or credit) may differ from
country to country.

Individual and Corporate Income Tax on Dividends

Swiss resident individuals
holding the common shares as part of their private assets who receive dividends and similar distributions (including stock dividends and
liquidation proceeds), which are not repayments of the nominal value (“ Nennwertrückzahlungen”) of the common shares or
reserves paid out of capital contributions (“ Reserven aus Kapitaleinlagen”) are required to report such payments in their
individual income tax returns and are liable to Swiss federal, cantonal and communal income taxes on any net taxable income for the relevant
tax period. Furthermore, for the purpose of the Direct Federal Tax, dividends, shares in profits, liquidation proceeds and