Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 228

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 228
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 income basis. In such cases, you generally will be taxed in the same manner as a U.S. holder. Purchase, Sale, Retirement and Other Disposition of the Debt Securities. If you are a Non-U.S.holder of a debt security, you generally will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of a debt security unless:

| · |     | the gain is effectively connected with your conduct of a trade or business in the United States, and the gain is attributable to a permanent establishment that 
 you maintain in the United States if required by an applicable income tax treaty as a condition for subjecting you to U.S. taxation on a net income basis; or   |

| · |     | you are an individual, you are present in the United States for 183 or more days during the taxable year in which the gain is realized and certain other 
 conditions exist.                                                                                                                                        |

For purposes of the U.S. federal estate tax, the debt securities will be treated as situated outside the United States and will not be includible in the gross estate of a holder who is neither a citizen nor a resident of the United States at the time of death. -111-

U.S. Treasury regulations require U.S. taxpayers to report certain transactions that give rise to a loss in excess of certain thresholds (a
“Reportable Transaction”). Under these regulations, if the debt securities are denominated in a foreign currency, a U.S. holder (or a Non-U.S. holder that holds the debt securities in
connection with a U.S. trade or business) that recognizes a loss with respect to the debt securities that is characterized as an ordinary loss due to changes in currency exchange rates (under any of the rules discussed above) would be required to
report the loss on Internal Revenue Service Form 8886 (a “Reportable Transaction Disclosure Statement”) if the loss exceeds the thresholds set forth in the regulations. For individuals and trusts, this loss threshold is $50,000 in
any single taxable year. For other types of taxpayers and other types of losses, the thresholds are higher. You should consult with your tax advisor regarding any tax filing and reporting obligations that may apply in connection with acquiring,
owning and disposing of debt securities.

A 30% withholding tax will be imposed on certain payments to certain non-U.S. financial institutions
that fail to comply with information reporting or certification requirements and withholding requirements in respect of their direct and indirect United States shareholders and/or United States