Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 21

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 21
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their own tax consultants on this matter).

For Investors 4,373, resident
and domiciled in a location considered a tax haven, if the gains arise out of transactions carried out in the non-organized Brazilian
over-the-counter market with mediation, the withholding of 0.005% on the value of the sale will be applicable and can be compensated with
possible income tax due on the capital gain.

Law No. 13,259/16, which
introduced a regime based on the application of progressive tax rates for income tax on capital gains recognized by Brazilian individuals
in the disposal of assets in general. In accordance with Law No. 13,259/16, in force as of January 1, 2017, income tax rates on capital
gains recognized by Brazilian individuals, which are also applicable to foreign investors, would be: (i) 15.0% for the part of the gain
that does not exceed 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)
20.0% 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.

In the event of redemption
of shares or reduction of capital by a Brazilian company, the positive difference between the amount actually received by an investor
non-resident in Brazil and the acquisition cost of the shares redeemed will be considered as capital gain resulting from an operation
not made on the stock exchange, therefore, it will be subject to taxation by income tax at progressive rates varying between 15.0% and
22.5%, except for residents of locations considered as a tax haven, which, in this case, are subject to taxation by income tax at a rate
of 25.0%.

As a general rule, the gains
recorded as a result of the divestiture of shares or ADRs are equivalent to the positive difference between the sale value of the shares
or ADRs and the respective costs.

The exercise of any preemptive
right related to shares or ADRs will not be subject to taxation on income in accordance with the Brazilian legislation currently in force.
Any gain on the sale or exercise of rights of preference related to shares or ADRs by an investor non-resident in Brazil will be