Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 254

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 254
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 Because a mark -to -marketelection generally cannot be made for any lower -tierPFICs that a PFIC may own, a U.S. Holder who makes a mark -to -marketelection with respect to our Class A Ordinary Shares may continue to be subject to the general PFIC rules with respect to such U.S. Holder’s indirect interest in any of our non -UnitedStates subsidiaries if any of them is a PFIC. If a U.S. Holder owns our Class A Ordinary Shares during any taxable year that we are a PFIC, such holder would generally be required to file an annual IRS Form 8621. Each U.S. Holder is advised to consult its tax advisor regarding the potential tax consequences to such holder if we are or become a PFIC, including the possibility of making a mark -to -marketelection. Material Singapore Tax Considerations The following discussion is a summary of the Singapore income tax, goods and services tax and stamp duty considerations relevant to the acquisition, ownership and disposal of the Company’s Class A Ordinary Shares. The statements made herein regarding taxation are general in nature and based on certain aspects of the tax laws of Singapore and administrative guidelines issued by the relevant authorities in force as of the date of this prospectus and are subject to any changes in such laws or administrative guidelines, or in the interpretation of these laws or guidelines, occurring after such date, which changes could be made on a retroactive basis. The statements below do not provide a comprehensive or exhaustive description of all of the Singapore tax considerations that may be relevant to a decision to purchase, own or dispose of the Company’s Class A Ordinary Shares and do not address all the potential tax consequences applicable to all categories of investors, some of which (such as dealers in securities) may be subject to special rules. The statements are not intended to be and do not constitute legal or tax 163 advice and no assurance can be given that courts or tax authorities responsible for the administration of such laws will agree with the interpretation adopted therein. Each prospective investor should consult an independent tax advisor regarding all the Singapore tax consequences applicable to them in respect of the acquisition, ownership of and/or disposal of the Company’s Class A Ordinary Shares, in light of each prospective investor’s particular circumstances. Individual Income Taxation An individual is a tax resident in Singapore in a “year of assessment” (which refers to the year in which tax is calculated and charged for income earned in the year preceding the year of assessment) if, in the year preceding the year of assessment, the