Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 170

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 170
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 a PFIC in our current taxable year. Given that the determination of PFIC status involves the application of complex tax rules, and that it is based on the nature of our income and assets from time to time, no assurances can be provided that we will not be considered a PFIC for the current (or any past or future) taxable year. Holders should consult their own tax advisers regarding the availability of the reduced dividend tax rate in light of their own particular circumstances.

Because our shares are not themselves listed on a U. S. exchange, dividends received with respect to our shares that are not represented by ADSs may not be treated as qualified dividends. U. S. holders should consult their own tax advisors regarding the potential availability of the reduced dividend tax rate in respect of our shares.

Table of Co ntents

Subject to generally applicable limitations and conditions, Brazilian dividend withholding tax paid at the appropriate rate applicable to the U. S. holder may be eligible for a credit against such U. S. holder’s U. S. federal income tax liability. These generally applicable limitations and conditions include requirements recently adopted by the U. S. Internal Revenue Service (IRS) in regulations promulgated in December 2021 and any Brazilian tax generally will need to satisfy these requirements in order to be eligible to be a creditable tax for a U. S. holder. In the case of a U. S. holder that consistently elects to apply a modified version of these rules under recently issued temporary guidance and complies with specific requirements set forth in such guidance, the Brazilian tax on dividends will be treated as meeting these requirements and therefore as a creditable tax. In the case of all other U. S. holders, the application of these requirements to the Brazilian tax on dividends is uncertain and we have not determined whether these requirements have been met. If the Brazilian dividend tax is not a creditable tax or the U. S. holder does not elect to claim a foreign tax credit for any foreign income taxes paid or accrued in the same taxable year, the U. S. holder may be able to deduct the Brazilian tax in computing such U. S. holder’s taxable income for U. S. federal income tax purposes. Dividend distributions will constitute income from sources without the United States and, for U. S. holders that elect to claim foreign tax credits, generally will constitute “passive category income” for foreign tax credit purposes.

The availability and calculation of foreign tax credits and deductions for foreign taxes depend on a U. S. holder’s