Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 234

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 10
Chunk 234
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 Any gain or 
loss realized on a subsequent conversion or other disposition of the euros will be treated as United States source 
ordinary income or loss.
Subject to certain conditions and limitations (including a minimum holding period requirement), Dutch
withholding taxes on dividends may be treated as foreign taxes eligible for credit against your U.S. federal income 
tax liability. For purposes of calculating the foreign tax credit, dividends paid on the Ordinary Shares will be treated 
as income from sources outside the United States and will generally constitute passive category income. However, 
Treasury regulations addressing foreign tax credits (the “Foreign Tax Credit Regulations”) impose additional 
requirements for foreign taxes to be eligible for a foreign tax credit if the relevant taxpayer does not elect to apply 
the benefits of an applicable income tax treaty, and there can be no assurance that those requirements will be 
satisfied if you do not elect to apply the benefits of the Treaty. The Department of the Treasury and the Internal 
Revenue Service (the “IRS”) are considering proposing amendments to the Foreign Tax Credit Regulations. In 
addition, recent notices from the IRS provide temporary relief by allowing taxpayers that comply with applicable 
requirements to apply many aspects of the foreign tax credit regulations as they previously existed (before the 
release of the current Foreign Tax Credit Regulations) for taxable years ending before the date that a notice or other 
guidance withdrawing or modifying the temporary relief is issued (or any later date specified in such notice or other 
guidance). Instead of claiming a foreign tax credit, you may be able to deduct Dutch withholding taxes on dividends 
in computing your taxable income, subject to generally applicable limitations under United States law (including 
that a U.S. Holder is not eligible for a deduction for otherwise creditable foreign income taxes paid or accrued in a 
taxable year if such U.S. Holder claims a foreign tax credit for any foreign income taxes paid or accrued in the same 
taxable year). The rules governing the foreign tax credit and deductions for foreign taxes are complex. You are 
urged to consult your tax advisors regarding the Foreign Tax Credit Regulations (and the related temporary relief in 
the IRS notices) and the availability of a foreign tax credit or a deduction under your particular circumstances.
Distributions of Ordinary Shares or rights to subscribe for Ordinary Shares that are received as part of a pro 
rata distribution to all of our shareholders generally will not be subject to U.S. federal income tax. Consequently, 
such distributions generally will not give rise to foreign source income, and you generally will not