Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 57

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 57
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uant to the Supreme Court ruling, the actual return includes both the regular benefits associated with the investments (such as interest, dividends and rent) as well as realised and unrealised changes in the value of the investments. To the extent an individual can demonstrate that the actual return on the investments is lower than the deemed return, the taxable income in relation to these investments should be calculated taking into account the actual return. New legislation is anticipated, to align the Dutch taxation on investments with the Supreme Court ruling. The deemed or actual return on savings and investments is taxed at a rate of 36% (2025 rate). Non-residentsof The Netherlands. A holder of a debt security who is neither resident nor deemed to be resident of The Netherlands for Dutch corporate or personal income tax purposes who derives income from such debt security, or who realizes a gain on the disposal, redemption, substitution or variation of the debt security will not be subject to Dutch taxation on income or capital gains, unless:

| (i) | such holder carries on a business, or is deemed to carry on a business or part thereof, for example pursuant to                                                                                         
 a co-entitlement to the net value of an enterprise (medegerechtigde), through a permanent establishment or a permanent representative in The Netherlands to which the debt security is attributable; or |

| (ii) | the holder is an individual, and such income or gain qualifies as income from miscellaneous activities in The                                                                                                      
 Netherlands (resultaat uit overige werkzaamheden in Nederland), which e.g. include activities with respect to the debt security that exceed regular, active portfolio management (normaal actief vermogensbeheer). |

Taxation of Gifts and Inheritances Residents of The Netherlands. Generally, gift and inheritance tax will be due in The Netherlands in respect of the acquisition of a debt security by way of a gift by, or on the death of, a holder of a debt security who is a resident or deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax at the date of the gift or his or her death. An individual of Dutch nationality is deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax if he or she was a resident in The Netherlands at any time during the 10 years preceding the date of the gift or his or her death. For the purposes of Dutch gift tax, an individual is deemed to be a resident of The Netherlands if he or she was a resident of The Netherlands at