Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 365

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 365
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 Swiss withholding tax incurred on a taxable distribution if the country in which such shareholder is resident for tax purposes has entered into a treaty for the avoidance of double taxation with Switzerland and the further prerequisites of the treaty for a refund have been met. Shareholders not resident in Switzerland should be aware that the procedures for claiming treaty benefits (and the time required for obtaining a refund or credit) may differ from country to country. Individual and Corporate Income Tax on Dividends Swiss resident individuals holding the NLS Common Shares or Preferred Shares as part of their private assets who receive dividends and similar distributions (including share dividends and liquidation proceeds), which are not repayments of the nominal value (Nennwertrückzahlungen) of the NLS Common Shares or Preferred Shares or reserves paid out of capital contributions (Reserven aus Kapitaleinlagen) are required to report such payments in their individual income tax returns and are liable to Swiss federal, cantonal and communal income taxes on any net taxable income for the relevant tax period. Furthermore, for the purpose of the Direct Federal Tax, dividends, shares in profits, liquidation proceeds and pecuniary benefits from shares (including bonus shares) are included in the tax base for only 70% of their value (Teilbesteuerung), if the investment amounts to at least 10% of nominal share capital of NLS. All Swiss cantons have introduced partial taxation measures at cantonal and communal levels, which could be different from the rule for Direct Federal Tax purposes. 206 Swiss resident individuals as well as non -Swissresident individual taxpayers holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland are required to recognize dividends, distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contributions (Reserven aus Kapitaleinlagen) in their income statements for the relevant tax period and are liable to Swiss federal, cantonal and communal individual or corporate income taxes, as the case may be, on any net taxable earnings accumulated (including the payment of dividends) for such period. Furthermore, for the purpose of the Direct Federal Tax, dividends, shares in profits, liquidation proceeds and pecuniary benefits from shares (including bonus shares) are included in the tax base for only 70% (Teilbesteuerung), if the investment is held in connection with the conduct of a trade or business or qualifies as an opted business asset (gewillkürtes Geschäftsver