Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 225

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 225
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due to

willful neglect.

Additionally, in the

event a

U. S. Holder

who is

an individual

(and to

the

extent specified

in applicable

Treasury

regulations, a

U. S. entity)

that is

required to

file IRS

109

Form

8938

does

not

file

such

form,

the

statute

of

limitations

on

the

assessment

and

collection of

U. S.

federal income

taxes of

such holder

for the

related tax

year may

not close

until three

(3) years

after the

date that the required information is filed.

Changes in Global Tax Laws

Long-standing

international

tax

initiatives

that

determine

each

country’s

jurisdiction

to

tax

cross-border

international trade and profits are evolving

as a result of, among

other things, initiatives such as the

Anti-

Tax

Avoidance

Directives,

as

well

as

the

Base

Erosion

and

Profit

Shifting

reporting

requirements,

mandated

and/or

recommended

by

the

EU,

G8,

G20

and

Organization

for

Economic

Cooperation

and

Development, including the imposition of a minimum global

effective tax rate for multinational businesses

regardless of the jurisdiction of operation

and where profits are generated (Pillar

Two). As these and other

tax laws and

related regulations change (including

changes in the

interpretation, approach and guidance

of tax

authorities), our

financial results

could be

materially impacted.

Given the

unpredictability of

these

possible changes and their potential

interdependency, it

is difficult to

assess whether the overall effect

of

such potential tax changes would be cumulatively positive or negative for our earnings and cash flow,

but

such changes could adversely affect our financial results.

On December 12, 2022, the European Union member states agreed to implement the OECD’s

Pillar Two

global corporate

minimum tax

rate of

15% on

companies with

revenues of

at least

€750 million effective

from 2024. Various countries have either

adopted implementing legislation

or are in the

process of drafting

such

legislation. Any

new

tax

law

in