Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 257

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 257
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 an alternative to submitting a refund request after the dividend distribution, the non -residentcompany may request that no tax is levied at the time the dividends are paid, provided that (x)the 1 -yearholding period under condition (d) above has already run and (y)the non -residentcompany promptly submits proper documentation. EU resident companies that are controlled directly or indirectly by persons that are not resident in a EU Member State may request the refund or the direct withholding exemption only if the EU resident companies prove that they do not hold the Ordinary Shares for the sole or primary purpose of benefiting from the Parent -SubsidiaryDirective. The substitute tax exemption under Article 27 -bisof Decree 600 may be denied by the Italian tax authorities in case of artificial and non -genuinestructures pursuant to the Italian general anti -abuserule (i.e., Article 10 -bisof Law No. 212 of July27, 2000). Under the Agreement between the European Community and the Swiss Confederation providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments, the withholding tax refund/exemption regime described above also applies to dividends paid to a company that (a) is resident for tax purposes in Switzerland without being considered to be resident outside Switzerland according to a double tax treaty signed with a non -EUcountry, (b) is a limited company, (c) is subject to Swiss corporate tax without being exempted or benefiting from preferential tax regimes, and (d) directly holds Ordinary Shares that represent an interest in PubCo’s issued and outstanding capital of no less than 25% for an uninterrupted period of at least two years. The application of the above -describedtax relief, WHT reduction under the double tax treaties or WHT exemption, is subject to conditions required under the applicable laws and/or treaties, which may vary depending on the case, as well as to the fulfillment by the holders of certain formalities, such as the timely provision to the withholding tax agent of affidavits, self -statementsand tax residence certificates. In this respect, holders should consult with their own independent tax advisors to determine whether they are eligible for, and how to obtain, such tax relief, WHT reductions or exemption. 111 Taxation of Distributions of Certain Capital Reserves Special rules apply to the distribution of certain capital reserves, including reserves or funds created with share offerings’ premiums, adjusted interest paid by