Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 246

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 10
Chunk 246
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 a resident of Aruba, Curaçao or Sint Maarten and fully or partly conducts a business 
through a permanent establishment (vaste inrichting) or a permanent representative (vaste 
vertegenwoordiger) in Bonaire, Sint Eustatius or Saba to which the Ordinary Shares are attributable; and
(ix)   is not considered the beneficial owner (uiteindelijk gerechtigde) of these Ordinary Shares or the benefits 
derived from or realized in respect of these Ordinary Shares.
This section also does not describe any Dutch tax considerations or consequences arising from the Dutch 
Minimum Tax Act 2024 (Wet minimumbelasting 2024; the Dutch implementation of Directive (EU) 2022/2523 of 
14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-
scale domestic groups in the European Union). Generally, such Dutch tax considerations or consequences may arise 
for a holder of Ordinary Shares that is part of a multinational enterprise group which has at least one Dutch resident 
constituent entity (including permanent establishments situated in the Netherlands) or a large-scale domestic group, 
both within the meaning of the Dutch Minimum Tax Act 2024, provided that such a group has an annual revenue of 
at least €750,000,000 in its (consolidated) financial statements in at least two of the four reporting years immediately 
preceding the relevant (reporting) year. If a holder of Ordinary Shares is part of such a multinational enterprise 
group or a large-scale domestic group, any benefits derived or deemed to be derived from the Ordinary Shares, 
including any capital gains realized on any transfer of the Ordinary Shares, may be subject to a (top-up) tax of up to 
15% in the Netherlands.
Withholding Tax
Based on Dutch domestic law, Coincheck Parent is generally required to withhold Dutch dividend withholding 
tax at a rate of 15% from dividends distributed by it pursuant to the DWTA. Generally, Coincheck Parent is 
responsible for the withholding of such dividend withholding tax at source.
Dividends distributed by Coincheck Parent include, but are not limited to:
(i)     distributions of profits in cash or in kind, whatever they be named or in whatever form;
(ii)    proceeds from the liquidation of Coincheck Parent or proceeds from the repurchase of Ordinary Shares 
by Coincheck Parent, other than as a temporary portfolio investment (tijdelijke belegging),