Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 238

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 238
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 (resultaat uit overige                 
 werkzaamheden in Nederland), which include activities with respect to the ADS that exceed regular, active portfolio management (normaal actief vermogensbeheer). |

Taxation of gifts and inheritances Residents of The Netherlands. Generally, gift and inheritance tax will be due in The Netherlands in respect of the acquisition of an ADS by way of a gift by, or on the death of, a holder of an ADS who is a resident or deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax at the date of the gift or his or her death. An individual of Dutch nationality is deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax if he or she was a resident of The Netherlands at any time during the 10 years preceding the date of the gift or his or her death. For the purposes of Dutch gift tax, an individual is deemed to be a resident of The Netherlands if he or she was a resident of The Netherlands at any time during the 12 months preceding the date of the gift. Non-residentsof The Netherlands. No Netherlands gift or inheritance taxes will arise on the transfer of an ADS by way of a gift by, or on the death of, a Holder who is neither a resident nor deemed to be a resident of The Netherlands, unless:

| (i) | in case of a gift of the ADS under a condition precedent by an individual who, at the date of the gift, was                                                                                                                                 
 neither resident nor deemed to be resident in The Netherlands, such individual is resident or deemed to be resident in The Netherlands at the date (a) of the fulfilment of the condition; or (b) of his/her death and the condition of the 
 gift is fulfilled after the date of his/her death; or                                                                                                                                                                                       |

| (ii) | in case of a gift of an ADS by an individual who, at the date of the gift or—in case of a gift under a                                                                                                                                           
 condition precedent—at the date of the fulfilment of the condition, was neither resident nor deemed to be resident in The Netherlands, such individual dies within 180 days after the date of the gift or the fulfilment of the condition, while 
 being resident or deemed to be resident in The Netherlands.                                                                                                                                                                                      |

Value-added tax No value-added tax will be due in The Netherlands in respect of payments made in consideration for the issue of the ADSs, whether in respect of payments of interest and principal or in respect