Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 59

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 59
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ization less recognized paid-up capital

immediately before the occurrence of certain events, including if we cease to be a Dutch tax resident for purposes of

a tax treaty concluded by the Netherlands with another jurisdiction and become, for purposes of such tax treaty,

exclusively a tax resident of that other jurisdiction which is a qualifying jurisdiction. A qualifying jurisdiction is a

jurisdiction other than a member state of the EU/EEA which does not impose a withholding tax on distributions

sufficiently similar to the Dutch dividend withholding tax, or that does impose such tax but that grants a step-up for

earnings attributable to the period prior to it becoming exclusively a resident in such jurisdiction. This deemed

distribution will be subject to a 15% tax insofar as it exceeds a franchise of EUR 50 million. The tax is payable by us

as a withholding agent. A full exemption applies insofar shareholders are resident in an EU/EEA member state or a

state that has concluded a tax treaty with the Netherlands that contains a dividend article, provided we submit a

declaration confirming the satisfaction of applicable conditions by qualifying shareholders within one month

following the taxable event. We will be deemed to have withheld the tax on the deemed distribution and have a

statutory right to recover this from our shareholders. Dutch resident shareholders qualifying for the exemption are

entitled to a credit or refund, and non-Dutch resident shareholders qualifying for the exemption are entitled to a

refund, subject to applicable statutory limitations, provided that the tax has been actually recovered from them.

The DWT Exit Tax has been amended several times since the initial proposal of law and is still under

discussion. It is therefore not certain whether the DWT Exit Tax will be enacted and if so, in what form. If enacted

in its present form, the DWT Exit Tax will have retroactive effect as from 8 December 2021.

We may not be eligible for withholding tax relief benefits in respect of income received by us under relevant

treaties for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

and capital and may be required to adopt additional measures to claim such benefits under the relevant tax

treaties.

Our ability to efficiently fund, realize investments and/or repatriate income or capital gains from

jurisdictions in which we are or will be active may depend on our ability to claim benefits under relevant treaties for

the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital