Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 48

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 48
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 align='center'>ISRAELI TAX CONSIDERATIONS AND GOVERNMENT PROGRAMS</div>

The following is a description
of the material Israeli income tax consequences of the ownership of our Ordinary Shares. The following also contains a description of
material relevant provisions of the current Israeli income tax structure applicable to companies in Israel, with reference to its effect
on us. To the extent that the discussion is based on new tax legislation which has not been subject to judicial or administrative interpretation,
there can be no assurance that the tax authorities will accept the views expressed in the discussion in question. The discussion is not
intended, and should not be taken, as legal or professional tax advice and is not exhaustive of all possible tax considerations.

The following description
is not intended to constitute a complete analysis of all tax consequences relating to the ownership or disposition of our Ordinary Shares.
Shareholders should consult their own tax advisors concerning the tax consequences of their particular situation, as well as any tax consequences
that may arise under the laws of any state, local, foreign, or other taxing jurisdiction.

General Corporate Tax Structure in Israel

Israeli companies are generally
subject to corporate tax. As of January 2018, the corporate tax rate is 23%. However, the effective tax rate payable by a company that
derives income from a “Preferred Enterprise” (as discussed below) may be considerably less.

Capital gains derived by an
Israeli resident company are subject to tax at the prevailing corporate tax rate. Under Israeli tax legislation, a corporation will be
considered as an “Israeli resident company” if it meets one of the following: (i) it was incorporated in Israel; or (ii) the
control and management of its business are exercised in Israel.

The Encouragement of Industry (Taxes) Law, 5729-1969

The Encouragement of Industry
(Taxes) Law, 5729-1969, generally referred to as the Industry Encouragement Law, provides several tax benefits for industrial companies,
or Industrial Companies.

The Industry Encouragement
Law defines an “Industrial Company” as an Israeli resident-company, that was incorporated in Israel, of which 90% or more
of its income in a tax year, other than income from defense loans, is derived from an “Industrial Enterprise” owned by it
located in Israel or in the “Area”, in accordance with the definition under section 3A of the Income Tax Ordinance (New Version),
1961. An “Industrial Enterprise