Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 192

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 10
Chunk 192
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 30% rate or
a lower applicable tax treaty rate).

Dividends and gains that are
effectively connected with the Non-U. S. Holder’s conduct of a trade or business in the United States (and, if required by an applicable
income tax treaty, are attributable to a permanent establishment or fixed base in the United States) generally will be subject to tax
in the same manner as for a U. S. Holder and, in the case of a Non-U. S. Holder that is a corporation for U. S. federal income tax purposes,
may also be subject to an additional branch profits tax at a 30% rate or a lower applicable tax treaty rate.

Backup Withholding and Information Reporting

In general, information reporting
for U. S. federal income tax purposes should apply to distributions made on our Ordinary Shares within the United States to a non-corporate
U. S. Holder and to the proceeds from sales and other dispositions of our Ordinary Shares by a non-corporate U. S. Holder to or through
a U. S. office of a broker. Payments made (and sales and other dispositions effected at an office) outside the United States will be subject
to information reporting in limited circumstances. In addition, backup withholding of United States federal income tax, currently at a
rate of 24%, generally will apply to dividends paid on our Ordinary Shares to a non-corporate U. S. Holder and the proceeds from sales
and other dispositions of shares by a non-corporate U. S. Holder, in each case who (a) fails to provide an accurate taxpayer identification
number; (b) is notified by the IRS that backup withholding is required; or (c) in certain circumstances, fails to comply with applicable
certification requirements. A Non-U. S. Holder generally may eliminate the requirement for information reporting and backup withholding
by providing certification of its foreign status, under penalties of perjury, on a duly executed applicable IRS Form W-8 or by otherwise
establishing an exemption.

Backup withholding is not
an additional tax. Rather, the amount of any backup withholding will be allowed as a credit against a U. S. Holder’s or a Non-U. S.
Holder’s U. S. federal income tax liability and may entitle such holder to a refund, provided that certain required information is
timely furnished to the IRS. Holders are urged to consult their own tax advisors regarding the application of backup withholding and the