Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 247

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 247
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 taxpayer is not obligated to
pay excess tax (as further explained below). Capital gains are also reportable on an annual income tax return.

Taxation of Non-Israeli Shareholders
on Receipt of Dividends. Non-Israeli residents (whether individuals or corporations) are generally subject to Israeli income tax
on the receipt of dividends paid on our ordinary shares at the rate of 25%. With respect to a person who is a “substantial shareholder”
(as defined above) at the time of receiving the dividend or on any time during the preceding twelve months, the applicable tax rate is
30%. Dividends paid on publicly traded shares, which are registered with and held by a nominee company, to non-Israeli residents
are generally subject to Israeli withholding tax at a rate of 25% (whether the recipient is a “substantial shareholder” or
not), unless a lower rate is provided under an applicable tax treaty between Israel and the shareholder’s country of residence and
provided that a certificate from the Israel Tax Authority allowing for a reduced withholding tax rate is obtained in advance.

In this regard, under the United States-Israel Tax Treaty and subject
to the eligibility to the benefits under this treaty, the maximum rate of tax withheld at source in Israel on dividends paid to a holder
of our ordinary shares who is a United States resident (for purposes of the United States-Israel Tax Treaty) is 25%. However, generally,
the maximum rate of withholding tax on dividends, not generated by an Approved Enterprise or a Beneficiary Enterprise (as such terms are
defined in the Encouragement Law), that are paid to a United States corporation holding at least 10% or more of our outstanding voting
capital throughout the tax year in which the dividend is distributed as well as during the previous tax year, is 12.5%, provided that
no more than 25% of our gross income for such preceding year consists of certain types of dividends and interest. Notwithstanding the
foregoing, dividends distributed from income attributed to an Approved Enterprise, or a Beneficiary Enterprise are not entitled to such
reduction under such tax treaty but are subject to withholding tax at the rate of 15% for such a United States corporate shareholder,
provided that the conditions related to the holding of 10% of our voting capital and to our gross income for the previous year (as set
forth in the previous sentence) are met. The aforementioned rates under the United States-Israel Tax Treaty would not apply if the
dividend income is derived through a