Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 183

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 183
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capital gains realized by non-corporate U. S. Holders are generally subject to a preferential U. S. federal income tax rate. In general,
gain or loss recognized by a U. S. Holder on the sale or other disposition or our Ordinary Shares or ADSs will be U. S. source gain or loss
for purposes of the foreign tax credit limitation. As discussed below in “ Item 10. Additional Information - Taxation - 
U. S. Federal Income Tax Considerations - Passive Foreign Investment Companies,” however, we may be a PFIC for our current
taxable year and future taxable years. If we are a PFIC, any such gain will be subject to the PFIC rules, as discussed below, rather than
being taxed as a capital gain.

If a U. S. Holder receives foreign currency upon a
sale or exchange of Ordinary Shares or ADSs, gain or loss will be recognized in the manner described above under “ Distributions.”
However, if such foreign currency is converted into U. S. dollars on the date received by the U. S. Holder, the U. S. Holder generally should
not be required to recognize any foreign currency gain or loss on such conversion.

As discussed above under the heading “Item
10. Additional Information - E. Taxation - Israeli Tax Considerations - Taxation of Shareholders,” a U. S. Holder
who holds Ordinary Shares or ADSs through an Israeli broker or other Israeli intermediary may be subject to Israeli withholding tax on
any capital gains recognized on a sale or other disposition of the Ordinary Shares or ADSs if the U. S. Holder does not obtain approval
of an exemption from the Israeli Tax Authorities or claim any allowable refunds or reductions. U. S. Holders are advised that any Israeli
tax paid under circumstances in which an exemption from (or a refund of or a reduction in) such tax was available will not be creditable
for U. S. federal income tax purposes. U. S. Holders are advised to consult their Israeli broker or intermediary regarding the procedures
for obtaining an exemption or reduction.