Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 250

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 250
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entities and trusts aresubject to the tax regime described in connection with capital gains realized by Italian resident individualshareholders otherwise than in connection with a business activity . 106 Pension funds Capital gains on Ordinary Shares held by Italian -residentpension funds are subject to the same tax regime described under the paragraph relating to the taxation regime of dividends received by such funds, above. Investment Funds, SICAVs and SICAFs Capital gains on Ordinary Shares held by Italian resident investment funds, SICAVs and SICAFs (other than Real Estate Investment Funds and Real Estate SICAFs) are subject to the same tax regime described under the paragraph relating to the taxation regime of dividends received by such entities, above. Real estate Investment Funds and Real Estate SICAFs Capital gains on Ordinary Shares held by Real Estate Investment Funds and Real Estate SICAFs are subject to the same tax regime described under the paragraph relating to the taxation regime of dividends received by such entities, above. NON-ITALIAN RESIDENT PERSONS Capital gains realized by non -Italian -residentshareholders without a permanent establishment in Italy, to which the relevant Ordinary Shares are effectively connected, from the: (a)Sale of a Non -QualifiedHolding in Italian companies listed on a regulated market, such as the Issuer, are not subject to taxation in Italy, regardless of the provisions set forth in any applicable double tax treaty. In order to benefit from this exemption, such non -Italian -residentpersons may need to file a certificate evidencing their residence outside of Italy for tax purposes; (b)Sale of a Qualified Holding, are subject to the same 26% substitute tax regime described above for Italian resident individuals not engaged in a business activity. However, if the conditions provided for the Participation Exemption Regime summarized above are met, as to capital gains realized upon the sale or disposal of a Qualified Holding by non -Italianresident companies and entities referred to in Article 73(1)(d) TUIR, that do not have a permanent establishment in Italy to which the Ordinary Shares are effectively connected and are resident for tax purposes in an EU Member State or in a state that is party to the EEA and is included in the White List, the 26% substitute tax applies only on 5% of capital gains realized. Moreover, capital gains realized by undertakings for collective investment complying with UCITS Directive, and by undertakings for collective investment which do not comply with UCITS Directive, but whose manager is