Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 114

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 114
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ate
U. S. Holders, including individuals, from a “qualified foreign corporation” may be eligible for reduced rates of taxation,
provided that certain holding period requirements and other conditions are satisfied. For these purposes, a non-U. S. corporation
will be treated as a qualified foreign corporation with respect to dividends paid by that corporation on shares that are readily tradable
on an established securities market in the United States. U. S. Treasury Department guidance indicates that shares listed on
Nasdaq will be considered readily tradable on an established securities market in the United States. Even if the Class A Ordinary
Shares are listed on Nasdaq, there can be no assurance that the Class A Ordinary Shares will be considered readily tradable on an established
securities market in future years. Non-corporate U. S. Holders that do not meet a minimum holding period requirement or that
elect to treat the dividend income as “investment income” pursuant to Section 163(d)(4) of the Code (dealing with the
deduction for investment interest expense) will not be eligible for the reduced rates of taxation regardless of the Company’s status
as a qualified foreign corporation. In addition, the rate reduction will not apply to dividends if the recipient of a dividend is obligated
to make related payments with respect to positions in substantially similar or related property. This disallowance applies even if the
minimum holding period has been met. Finally, the Company will not constitute a qualified foreign corporation for purposes of these rules
if it is a PFIC for the taxable year in which it pays a dividend or for the preceding taxable year. See the discussion below under “ - Passive
Foreign Investment Company Status.

The amount of any dividend
paid in foreign currency will be the U. S. dollar value of the foreign currency distributed by the Company, calculated by reference
to the exchange rate in effect on the date the dividend is includible in the U. S. Holder’s income, regardless of whether the
payment is in fact converted into U. S. dollars on the date of receipt. Generally, a U. S. Holder should not recognize any foreign
currency gain or loss if the foreign currency is converted into U. S. dollars on the date the payment is received. However, any gain
or loss resulting from currency exchange fluctuations during the period from the date the U. S. Holder includes the dividend payment
in income to the date such U. S. Holder actually converts the payment into U. S. dollars