Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 88

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 88
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 holding period in such ordinary shares for purposes of the PFIC rules.

The
QEF election is made on a shareholder-by-shareholder basis and, once made, can be revoked only with the consent of the IRS. A U. S. Holder
generally makes a QEF election by attaching a completed IRS Form 8621 (Information Return by a Shareholder of a Passive Foreign investment
Company or Qualified Electing Fund), including the information provided in a PFIC annual information statement, to a timely filed U. S.
federal income tax return for the tax year to which the election relates. Retroactive QEF elections generally may be made only by filing
a protective statement with such return and if certain other conditions are met or with the consent of the IRS. U. S. Holders should consult
their own tax advisors regarding the availability and tax consequences of a retroactive QEF election under their particular circumstances.

In
order to comply with the requirements of a QEF election, a U. S. Holder must receive a PFIC annual information statement from us. If we
determine we are a PFIC for any taxable year, we will endeavor to provide to a U. S. Holder upon request such information as the IRS may
require, including a PFIC annual information statement, in order to enable the U. S. Holder to make and maintain a QEF election.
However, there is no assurance that we will have timely knowledge of our status as a PFIC in the future or of the required information
to be provided.

If
a U. S. Holder has made a QEF election with respect to our ordinary shares, and the special tax and interest charge rules do not apply
to such shares (because of a timely QEF election for our first taxable year as a PFIC in which the U. S. Holder holds (or is deemed to
hold) such shares or a purge of the PFIC taint pursuant to a purging election, as described above), any gain recognized on the sale of
our ordinary shares generally will be taxable as capital gain and no interest charge will be imposed. As discussed above, for regular
U. S. federal income tax purposes, U. S. Holders of a QEF generally are currently taxed on their pro rata

  58  

Although
a determination as to our PFIC status will be made annually, an initial determination we are a PFIC will generally apply for subsequent
years to a U. S. Holder who held