Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 106

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 106
---
 company’s taxable income, provided that the source of the dividend is income that was derived or accrued
within Israel.

Dividends
distributed by an Israeli resident company to a non-resident of Israel (either individual or corporation) are generally subject to tax
at the rate of 25% (30% if the dividend recipient is a Substantial Shareholder at the time of distribution or at any time during the
preceding 12-month period). These rates may be reduced under the provisions of an applicable tax treaty. Under the Treaty, the following
tax rates will apply in respect of dividends distributed by an Israeli resident company to a U. S. resident: (i) if, during that portion
of the taxable year which precedes the payment of the dividend and during the whole of its prior taxable year (if any), the U. S. resident
is a corporation that holds at least 10% of the outstanding voting shares of the Israeli corporation and not more than 25% of the gross
income of the Israeli corporation for such prior taxable year (if any) consists of certain types of interest or dividends, the tax rate
is 12.5%; (ii) if both the conditions mentioned in section (i) above are met and the dividend is paid from an Israeli resident company’s
income that was entitled to a reduced tax rate applicable to a Benefited or Privileged Enterprise under the Encouragement Law the tax
rate is 15%; and (iii) in all other cases, the tax rate is 25%. The reduced rates under the Treaty will not apply if the dividend income
is attributable to a permanent establishment of the U. S. treaty resident in Israel. We are obligated to withhold tax upon the distribution
of dividends.

Surtax

Subject
to the provisions of an applicable tax treaty, individuals who are subject to income tax in Israel (whether any such individual is an
Israeli resident or non-Israeli resident) are also subject to an additional tax at a rate of 3% on annual income (including, but not
limited to, income derived from dividends, interest and capital gains) exceeding NIS 721,560 (approximately $199,000) for 2024, which
amount is linked to the annual change in the Israeli consumer price index.

Foreign
exchange regulations

Non-residents
of Israel who hold our ordinary shares or ADSs are able to receive any dividends, and any amounts payable upon the dissolution, liquidation
and winding up of our affairs