Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 496

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 496
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 the dividend payment in this gross amount even though you do not in fact receive it. Subject to certain complex and evolving limitations, any Australian tax withheld (at a rate not exceeding any applicable rate under the convention between United States and Australia) may be creditable against your US federal income tax liability. For foreign tax credit purposes, dividends will generally be income from sources outside the United States and will generally constitute “passive category income” for purposes of computing the foreign tax credit allowable to you. In lieu of claiming a tax credit, a US holder may be able to take a deduction for any Australian taxes withheld. An election to deduct creditable foreign taxes instead of claiming a foreign tax credit must be applied to all creditable foreign taxes paid or accrued in the US holder’s taxable year. The rules regarding foreign tax credits are complex and US holders should consult their own tax advisers regarding the application of the foreign tax credit rules to their particular situation. Taxation of capital gains Except if subject to the PFIC rules discussed below, if you are a US holder and you sell or otherwise dispose of the Group’s ADSs or shares, you will recognise a capital gain or loss for US federal income tax purposes equal to the difference between the US dollar value of the amount that you realise and your tax basis, determined in US dollars, in your Group’s ADSs or shares. The capital gain of a non-corporate US holder is generally taxed at preferential rates where the holder has a holding period greater than one year. The gain or loss will generally be income or loss from sources within the United States for foreign tax credit limitation purposes. The rules governing foreign tax credit are complex and US holders should consult their own tax advisers regarding the US federal income tax consequences in case non-US taxes (if any) are imposed on disposition gains. US holders should consult their own tax advisers about how to account for proceeds received on the sale or other disposition of the Group’s ADSs or shares that are not paid in US dollars. Passive Foreign Investment Company Rules We believe that the Group’s ADSs or shares should not be treated as stock of a PFIC for US federal income tax purposes for the most recent taxable year, and we do not expect the Group ADSs or shares to be treated as stock of a PFIC for the current taxable year or the foreseeable future. However, this conclusion is a factual determination that is made annually and thus may be subject to change. If we were to be treated as a PFIC, US holders generally would be taxed under one of three recognition