Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 260

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 260
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 taxation entered into by Italy, non -Italian -residentshareholders may need to file a certificate evidencing their residence outside of Italy for tax purposes. Capital gains realized by non -residentshareholders holding the shareholding through a permanent establishment in Italy are included in the permanent establishment’s overall taxable income and are subject to tax in Italy in accordance with the tax regime indicated above for capital gains realized by Italian resident companies or commercial entities. Transfer Tax Contracts or other legal instruments relating to the transfer of securities (including the transfer of the Ordinary Shares) are subject to registration tax as follows: (i) notary deeds ( atti pubblici) and private deeds with notarized signatures ( scritture private authenticate) executed in Italy must mandatorily be registered with the Italian tax 114 authorities and are subject to €200.00 registration tax; and (ii) private deeds ( scritture private) are subject to €200.00 registration tax only if they are voluntary filed for registration with the Italian tax authorities or if the so -called“caso d’uso” or “enunciazione” occurs. Financial Transaction Tax Article 1(491 -500) of Law No. 228 of December 24, 2012 introduced a financial transaction tax (FTT) applicable, among others, to the transfers of the ownership of (i) shares issued by Italian resident corporations, (ii) participating financial instruments (as defined under Article 2346(6) of the Italian Civil Code) issued by Italian resident corporations, and (iii) securities representing equity investments in Italian resident corporations, regardless of the place of residence of the issuer of such securities and of the place where the contract has been concluded. The residence of the issuer for the purposes of FTT is the place where the issuer has its registered office (intended as its corporate seat). Since the corporate seat of PubCo is not in Italy, transfers of ownership of the Ordinary Shares will not be subject to FTT. Inheritance and Gift Tax Transfers of any valuable asset (including the Ordinary Shares or other securities) as a result of death or donation are taxed as follows: a)transfers in favour of spouses and direct descendants or direct ancestors are subject to an inheritance and gift tax applied at a rate of 4 per cent. on the value of the inheritance or gift exceeding, for each beneficiary, Euro 1,000,000; b)transfers in favour of relatives to the fourth degree or relatives -in -lawto the