Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 44

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 44
---
'>S-31

CERTAIN TAX CONSIDERATIONS</div>

The following discussion summarizes certain Dutch, Brazilian, and U.S. federal income tax considerations that may be relevant to the ownership and disposition of the Notes acquired in this offering for the original price. This summary is based on the tax laws, regulations, rulings and decisions now in effect in the Netherlands, Brazil and the United States, any of which may change. Any change could apply retroactively and could affect the continued accuracy of this summary.

This summary does not describe all of the tax considerations that may be relevant to you or your situation, particularly if you are subject to special tax rules. You should consult your tax advisors about the tax consequences of holding the Notes, including the relevance to your particular situation of the considerations discussed below, as well as of state, local and other tax laws.

Certain Material Dutch Tax Considerations

The following describes certain material Dutch tax consequences for a holder who is neither a resident nor deemed to be a resident of the Netherlands for Dutch tax purposesin respect of the ownership, acquisition and disposal of the Notes. In addition, it does not
describe any tax considerations or consequences arising from Council 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 EU (as implemented in the
Netherlands) or similar legislation, which may be relevant for a particular holder.

This section is based on
the Dutch tax laws, published regulations thereunder and published authoritative case law, all as in effect on the date hereof, including,
for the avoidance of doubt, the tax rates applicable on the date hereof, and all of which are subject to change or to different interpretation,
possibly with retroactive effect. Any such change may invalidate the contents of this section, which will not be updated to reflect such
change. Where this section refers to “the Netherlands” and “Dutch” it refers only to the part of the Kingdom
of the Netherlands located in Europe. In addition, this section is based on the assumption that the Notes do not qualify as equity for
Dutch tax purposes.

This section is intended as general information only, it does not constitute tax or legal advice and it does not purport to describe all possible Dutch tax considerations or consequences that may be relevant to a holderand does not purport to deal with the tax consequences
applicable to all categories of investors, some of which may be subject to special rules.