Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 25

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 25
---
 on all transactions involving securities, even
though the transactions are conducted on Brazilian stock exchanges. The tax rate on transactions with securities applicable to transactions
involving our shares is currently 0%. In particular, the tax on the transaction with securities is also 0% due on the deposit of shares
traded on Brazilian stock exchanges with the purpose of issuing certificates of deposit to be marketed abroad. The government can increase
the tax rate on transactions with securities at any moment by up to 1.5% per day, but only with respect to future transactions.

10. E.10.07 Other federal Brazilian
taxes

Despite the fact that the
Federal Supreme Court, in the judgment of Extraordinary Appeal No. 851,108/SP, decided that ITCMD cannot be applied to inheritance, gift
or succession applicable to the ownership, transfer or disposal of preferred shares or ADSs by an investor non-resident in Brazil, before
editing Complementary Law regulating the matter, modulating the effects of the decision for operations carried out from April 20, 2021.

The Tax Reform, enacted
through Constitutional Amendment No. 132/23, known mainly for the changes on consumption taxes in Brazil, also addressed the ITCMD. According
to the legal text, until a supplementary law that regulates the taxation of donations made by donors domiciled or resident abroad is published,
the following rules must be respected:

  with respect to real estate and their rights, the State in which the asset is located, or the Federal  

  if the donor is domiciled or resident abroad:  

  214 – Form 20-F 2024 | Bradesco  

  Table of Contents  

a)
the State where the recipient is domiciled or the Federal District will have competence;

b)
if the recipient is domiciled or resident abroad, the State in which the asset is located or to the Federal District will have competence;

  for the assets of de cujus, even if the asset is located abroad, the State where the person was                                        

There are no Brazilian taxes
on stamps, issue, registration or similar by investors holding our shares or ADRs.

10. E.10.08 Registered capital

Amounts invested in securities
by a holder not residing in Brazil who: (i) qualifies for benefits under CMN Resolution No. 4,373/14 and who registers with the CVM; or
(ii) holds ADRs and is represented by the depositary bank’s