Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 33

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 33
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 U. S. taxpayer did not make an election to treat us as a “qualified
electing fund,” or QEF, or make a “mark-to-market” election, then “excess distributions” to the U. S. taxpayer,
and any gain realized on the sale or other disposition of our ADSs or Ordinary Shares by the U. S. taxpayer: (1) would be allocated ratably
over the U. S. taxpayer’s holding period for the ADSs or Ordinary Shares; (2) the amount allocated to the current taxable year and
any period prior to the first day of the first taxable year in which we were a PFIC would be taxed as ordinary income; and (3) the amount
allocated to each of the other taxable years would be subject to tax at the highest rate of tax in effect for the applicable class of
taxpayer for that year, and an interest charge for the deemed deferral benefit would be imposed with respect to the resulting tax attributable
to each such other taxable year. In addition, if the U. S. Internal Revenue Service, or the IRS, determines that we are a PFIC for a year
with respect to which we have determined that we were not a PFIC, it may be too late for a U. S. taxpayer to make a timely QEF or mark-to-market
election. U. S. taxpayers that have held our ADSs or Ordinary Shares during a period when we were a PFIC will be subject to the foregoing
rules, even if we cease to be a PFIC in subsequent years, subject to exceptions for U. S. taxpayer who made a timely QEF or mark-to-market
election. A U. S. taxpayer can make a QEF election by completing the relevant portions of and filing IRS Form 8621 in accordance with
the instructions thereto. We do not intend to notify U. S. taxpayers that hold our ADSs or Ordinary Shares if we believe we will be treated
as a PFIC for any taxable year to enable U. S. taxpayers to consider whether to make a QEF election. In addition, we do not intend to
furnish such U. S. taxpayers annually with information needed to complete IRS Form 8621 and to make and maintain a valid QEF election
for any year in which we or any of our subsidiaries are a PFIC. U. S. taxpayers that hold our ADSs or Ordinary Shares are strongly urged
to consult their tax advisors about the PF