Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 229

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 229
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 Shares are financial assets held for trading by holders that apply IAS/IFRS international accounting standards. In this latter case, the full amount of the dividends is included in the holder’s overall business income subject to IRES. For some types of companies and under certain conditions, dividends are also partially included in the net value of production, which is subject to IRAP. Non-Business Entities Referred to in Article 73(1)(c) CITA No Italian tax is withheld at source on dividends paid to Italian resident non -businessentities referred to in Article 73(1)(c) CITA (including Italian resident trusts that do not carry out a business activity), except for Italian undertakings for collective investment (OICR). The dividends are fully included in the holder’s overall income subject to IRES. For social security entities pursuant to Legislative Decree No. 509 of June 30, 1994 and Legislative Decree No. 103 of February 10, 1996, subject to certain conditions (including minimum holding period requirement) and limitations, dividends and other income from the Ordinary Shares that do not represent a Qualified Holding may be excluded from the taxable base if the social security entity earmarks the Ordinary Shares as eligible investment under Article 1(89) of Finance Act 2017 (as subsequently amended) to the extent, however, that investment in the Ordinary Shares (and other qualifying shares or units in undertakings for collective investment investing mainly in qualifying shares) represent no more than 10% of the gross asset value of the social security entity of the previous year. 98 According to Article 1(44 – 46) of Finance Act 2021, 50% of the dividends paid to non -businessentities referred to in Article 73(1)(c) CITA will be excluded from their IRES taxable base provided that they: (i) exclusively or mainly carry out any of the qualifying non -profitactivities listed in Article 1(45) of Finance Act 2021 and (ii) earmark the related tax savings to a non -distributablereserve and use these resources to finance these non -profitactivities. Investment Funds, SICAVs and SICAFs Dividends received by Italian investment funds and Italian investment companies with variable or fixed capital (“SICAVs” and “SICAFs”), other than real estate investment funds/SICAVs/SICAFs, are not subject to any withholding tax or substitute tax