Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 104

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 104
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47% for individuals. In addition, a 3% excess tax is levied on individuals whose total taxable income
in Israel in 2024 exceeds NIS 721,560 (approximately $199,000). To the extent that the securities registered according to the shelf offer
report are deleted from trading on the stock exchange, the tax rate to be deducted at source at the time of sale (after deletion) will
be at a rate of thirty percent (30%), As long as no approval has been issued by the Assessing Officer instructing the rate of tax
deduction at another source, including exemption from withholding tax.

Notwithstanding
the foregoing, capital gain derived from the sale of our ordinary shares or ADSs by a shareholder who is a non-resident of Israel may
be exempt from Israeli taxation, provided that all of the following conditions are met: (i) the ordinary shares or ADSs were purchased
upon or after the listing of the securities on the stock exchange, (ii) the seller does not have a permanent establishment in Israel
to which the derived capital gain is attributable, (iii) if the seller is a corporation, no more than 25% of its means of control are
held, directly and indirectly, by shareholders who are Israeli residents, and (iv) if the seller is a corporation, there are no Israeli
residents that are directly or indirectly entitled to 25% or more of the revenues or profits of the corporation. In addition, the sale
of ordinary shares or ADSs may be exempt from Israeli capital gains tax under the provisions of an applicable tax treaty. For example,
the U. S.-Israel Tax Treaty, or the Treaty, generally exempts U. S. residents from Israeli capital gains tax in connection with such sale,
provided (i) the U. S. treaty resident did not own, directly or indirectly, 10% or more of the Israeli resident company’s voting
power at any time within the 12-month period preceding such sale; (ii) the seller, if an individual, is present in Israel for less than
183 days during the taxable year; and (iii) the capital gain from the sale was not derived through a permanent establishment of the U. S.
resident in Israel. However, under the United States-Israel Tax Treaty, a Treaty U. S. Resident may be permitted to claim a credit for
the Israeli tax against the U. S. federal income tax imposed with respect to the sale, exchange or disposition of the shares