Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 319

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 19
Chunk 319
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 December 22,
2017, the United States enacted the Tax Cuts and Jobs Act (the “ U. S. Tax Reform”); a comprehensive tax legislation that includes
significant changes to the taxation of business entities. These changes, most of which are effective for tax years beginning after December 31,
2017, include several key tax provisions that might impact the Company, among others: (i) a permanent reduction to the statutory
federal corporate income tax rate from35% (top rate) to21% (flat rate) effective for tax years beginning after December 31, 2017
((ii) stricter limitation on the tax deductibility of business interest expense; (iii) a shift of the U. S. taxation of multinational
corporations from a tax on worldwide income to a territorial system (along with certain rules designed to prevent erosion of the U. S.
income tax base) (iv) a one-time deemed repatriation tax on accumulated offshore earnings held in cash and illiquid assets,
with the latter taxed at a lower rate and (v) an expansion of the U. S. controlled foreign corporation (“ CFC”) anti deferral
starting with the CFC’s first tax year beginning in 2018 intended to tax in the U. S. “global intangible low-taxed income”
(“ GILTI”).

F-28

ALPHA TAU MEDICAL
LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS

U. S. dollars
in thousands (except share and per share data)

NOTE 14:- INCOME TAXES (Cont.)

Tax rate applicable
to ATM KK (Japan):

The General Corporation
tax (national tax in Japan) rate is23.2% for fiscal years beginning after April 2018. Local taxes are also applicable in different rates
and may result in a higher effective tax rate (for example, for Tokyo-based companies the effective statutory tax rate would generally
be30.62% for large companies, and33.6% for small companies).

  The components of the net loss before tax on income were as follows:  

                         Year ended December 31,                                                          
                         2022                                     2023                  2024              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Domestic (Israel)      $                            33,100      $         28,224      $         31,065