Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 227

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 19
Chunk 227
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 should qualify as a “ Preferred Technology Enterprises,” or PTE, granting a 12% tax rate in central Israel on income deriving from Benefited Intangible Assets, subject to a number of conditions being fulfilled, including a minimal amount or ratio of annual R& D expenditure and R& D employees, as well as having at least 25% of annual income derived from exports to large markets. PTE is defined as an enterprise which meets the aforementioned conditions and for which total consolidated revenues of its parent company and all subsidiaries are less than NIS 10 billion.

The Company has not adopted the PTE status currently, but believe we are eligible for the PTE status in future tax years and have tax-effected our Israel deferred tax assets and liabilities at the appropriate PTE rates. Our subsidiaries are separately taxed under the domestic tax laws of the jurisdiction of incorporation of each entity.

F-33

RISKIFIED LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Profit (loss) before the provision for income taxes consisted of the following for the years ended December 31, 2024, 2023, and 2022:

                     Year Ended December 31,                                                                   
                     2024                                        2023                     2022                 
                     (in thousands)                                                                            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Israel             $                             ( 6,866)      $         ( 23,269)      $         ( 55,414)  
  International                                   ( 21,637)                ( 29,968)                ( 43,249)  
  Total              $                            ( 28,503)      $         ( 53,237)      $         ( 98,663)  

The provision for income taxes was as follows:

                                         Year Ended December 31,                                                             
                                         2024                                    2023                   2022                 
                                         (in thousands)                                                                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current:                                                                                                                   
  Israel                                 $                                —      $          ( 225)      $                 4  
  International                                                       6,224                  6,039                    8,715  
  Total current income tax expense                                    6,224                  5,814                    8,719  
  Deferred:                                                                                                                  
  Israel                                 —                                       —                      —                    
  International                          195                                     ( 16)                  (