Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 249

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 10
Chunk 249
---
 of, Dutch dividend 
withholding tax may generally claim (i) an exemption or reduction at source, or (ii) a refund, by making the requisite 
filings within three years after the end of the calendar year in which the Dutch dividend withholding tax was levied.

143

A holder of Ordinary Shares who is resident in Japan for purposes of the treaty for the avoidance of double 
taxation between Japan and the Netherlands, signed on August 25, 2010 (the “Japan Treaty”) and who is entitled to 
the benefits of the Japan Treaty, will be entitled to an exemption from or a reduction of Dutch dividend withholding 
tax as follows:
(i)     all Japanese holders of Ordinary Shares will be entitled to a reduction of Dutch dividend withholding tax 
to a rate of 10%; and
(ii)    if the Japanese holder of Ordinary Shares is a qualifying pension fund as described in Article 3, 
paragraph 1, under (m), of the Japan Treaty, the Japanese holder of Ordinary Shares is entitled to an 
exemption from Dutch dividend withholding tax, provided that such dividends are not derived from the 
carrying on of a business, directly or indirectly, by such qualifying pension fund.
A Japanese holder of Ordinary Shares that qualifies for an exemption from, or a reduction of, Dutch dividend 
withholding tax may generally claim (i) an exemption or reduction at source, or (ii) a refund, by making the requisite 
filings within five years after the end of the calendar year in which the Dutch dividend withholding tax was levied.
According to Dutch domestic anti-dividend stripping rules, no credit against Dutch tax, exemption from, 
reduction, or refund of Dutch dividend withholding tax will be granted if the recipient of the dividends paid by 
Coincheck Parent is not considered to be the beneficial owner (uiteindelijk gerechtigde) of those dividends.
The DWTA provides for a non-exhaustive negative description of a beneficial owner. According to the 
DWTA, a holder of Ordinary Shares will not be considered the beneficial owner of the dividends if as a consequence 
of a combination of transactions:
(i)     a person other than the holder of Ordinary Shares wholly or partly, directly or indirectly, benefits from 
the dividends;
(ii)    whereby this other person retains or acquires, directly or indirectly, an interest similar to that in the 
Ordinary Shares on which the dividends were paid; and
(iii)   that other person is entitled to a credit, reduction or refund