Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 143

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 143
---
 which they are issued. The U.S. federal income -97-

tax consequences of owning debt securities that are to mature more than 30 years from their date of issue or are otherwise not treated as indebtedness for U.S. federal income tax purposes and any
other special U.S. federal income tax consequences applicable to a particular series of debt securities will be discussed in the applicable prospectus supplement.

There is no direct legal authority as to the proper U.S. federal income tax treatment of an instrument that is denominated as a debt
instrument and has significant debt features, but that is subject to statutory bail-in powers such as the Dutch Bail-in Power. Therefore, U.S.
holders should consult their tax advisors as to the proper characterization for U.S. federal income tax purposes of debt securities that are subject to the Dutch Bail-in Power.

The
following describes the tax consequences to a U.S. holder (as described above). If you are not a U.S. holder, this does not apply to you and you should refer to “— Non-U.S. Holders” below.

Payments of Interest

Except as described below in the case of interest on a discount debt security that is not qualified stated interest, each as defined below
under “— Original Issue Discount — General,” you will be taxed on any interest on your debt security, whether payable in U.S. dollars or a foreign currency, including a composite currency or basket of currencies other than U.S.
dollars, as ordinary income at the time you receive the interest or when it accrues, depending on your method of accounting for tax purposes.

Interest paid by us on the debt securities and original issue discount, if any, accrued with respect to the debt securities (as described
below under “— Original Issue Discount”) and any additional amounts paid with respect to withholding tax on the debt securities, including withholding tax on payments of such additional amounts (“additional amounts”) constitute income from sources outside the United States for purposes of the rules regarding the foreign tax credit allowable to a U.S. holder. Under the foreign tax credit rules, interest and original issue discount and
additional amounts will generally be “passive” income for purposes of computing the foreign tax credit allowable to a U.S. holder.

Cash Basis Taxpayers. If you are a taxpayer that uses the cash receipts and disbursements method of accounting for tax purposes
and you receive an interest payment that is denominated in, or determined by reference to, a foreign currency, you must recognize income equal to the U.S.