Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 52

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 52
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, if any) paid by the Issuer in respect of the Notes issued by it in favor of a Non Resident Holder should
not be subject to withholding or deduction in respect of Brazilian income tax or any other taxes, duties, assessments or governmental
charges in Brazil, provided that such payments are made with funds held by the Issuer outside of Brazil.

Capital Gains on the Sale or Disposition of Notes

According to Law No.10,833
of December 29, 2003 gains realized on the disposition (including, under certain circumstances, as a result of the assumption of
the Issuer’s obligations by a Substitute Issuer, as described under “Description of the Notes—Substitution of the Issuer”)
or sale of assets located in Brazil by a Non Resident Holder are subject to income tax in Brazil, regardless of whether the sale or the
disposition is made by a Non Resident Holder to another non-resident or to a resident in Brazil.

<div align='center'>S-36</div>

Based on the fact that the
Notes are issued and registered abroad, gains on the sale or other disposition of the Notes made outside Brazil by a non-resident of
Brazil should not be subject to Brazilian taxes. Notwithstanding, considering the general and unclear scope of this legislation and the
absence of judicial guidance in respect thereof, we cannot assure prospective investors that such interpretation will prevail in the
courts of Brazil.

If gains recognized by a
Non Resident Holder from the sale or other disposition of the Notes were to be subject to income tax in Brazil, under current law such
gains generally would be subject to income tax in Brazil at progressive rates from 15% to 22.5% (depending on the amount of the gain:
(i) 15% for the part of the gains up to R$5 million, (ii) 17.5% for the part of the gain that exceeds R$ 5 million but does
not exceed R$10 million, (iii) 20% for the part of the gain that exceeds R$10 million but does not exceed R$30 million, and (iv) 22.5%
for the part of the gain that exceeds R$30 million) or 25%, if such Non Resident Holder is located in a country or locality which does
not impose any income tax or which impose it at a maximum rate lower than 17% or where the internal laws impose restrictions on the disclosure
of ownership composition, or do not