Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 17

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 17
---
to a decision to purchase our shares and/or ADRs. Accordingly, prospective purchasers of our shares or ADRs should consult their own tax
advisors as to the tax consequences of the acquisition, ownership and disposal of our shares and/or ADRs.

This summary is based upon
the tax laws of Brazil and the United States in effect on the date hereof, which are subject to change.

Currently, there is no income
tax treaty to avoid double taxation between Brazil and the United States. However, due to the reciprocity of treatment in the United States,
the Brazilian tax authority assures to residents in Brazil the right to deduct from income tax due the amount of tax levied on income
that has already been paid in the United States. Although the tax authorities of the two countries have had discussions that may culminate
in such a treaty, no assurance can be provided regarding the possibility of a treaty of this kind, nor how it will affect the U. S. holders
of our shares or ADRs. Accordingly, prospective holders of our shares or ADRs should consult their own tax advisors as to the tax consequences
of the acquisition, ownership and disposal of shares or ADRs in their particular circumstances.

10. E.10 Brazilian tax considerations

The following discussion
summarizes the principal Brazilian tax consequences of the acquisition, ownership and disposal of our shares or ADRs by a holder not residing
in Brazil.

10. E.10.01 Taxation of dividends

Dividends related to our
shares paid to the holders of ADRs or to an investor who is a non-resident in Brazil, are not subject to Brazilian withholding income
tax, provided that these dividends are paid from the profits generated as of January 1, 1996. Dividends paid from profits before January
1, 1996 may be withheld at the variable rates, according to the legislation applicable at the time.

Law No. 11,638/07 significantly
changed the Brazilian Corporate Law, with the objective of more closely aligning BR GAAP with IFRS
Accounting Standards, producing effects from January 1, 2008. Predicting that the new accounting rules could conflict with the
provisions of the tax law, Law No. 11,941/09, the Transition Tax System (RTT) was instituted. In general, under the implementation of
the RTT, the changes promoted by the IFRS Accounting Standardsto modify the criterion of