Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 103

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 103
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 LOCAL TAXES.

General
corporate tax structure in Israel

Israeli
resident companies are generally subject to corporate tax on both ordinary income and capital gains, currently at the rate of 23% of
a company’s taxable income. Capital gains derived by an Israeli resident company are subject to tax at the prevailing corporate
tax rate. Under Israeli tax law, a corporation will be considered as an “ Israeli resident” if it meets one of the following:
(a) it was incorporated in Israel; or (b) the control and management of its business are operated from Israel.

Taxation
of our shareholders

Capital
gains

Capital
gains tax is imposed on the disposal of capital assets by an Israeli resident, and on the disposal of capital assets by a non-resident
of Israel if those assets (i) are located in Israel, (ii) are shares or a right to shares in an Israeli resident corporation, (iii) represent,
directly or indirectly, rights to assets located in Israel, unless a tax treaty between Israel and the seller’s country of residence
provides otherwise, or (iv) a right in a foreign resident corporation, which in its essence is the owner of a direct or indirect right
to property located in Israel (with respect to the portion of the gain attributed to the property located in Israel). The Israeli tax
law (“ ITL”) distinguishes between “ Real Gain” and “ Inflationary Surplus.” Real Gain is the excess
of the total capital gain over Inflationary Surplus. The Inflationary Surplus is a portion of the total capital gain which is equivalent
to the increase of the relevant asset’s price that is attributable to the increase in the Israeli consumer price index or, in certain
circumstances, a foreign currency exchange rate, between the date of purchase and the date of sale. Inflationary Surplus is not subject
to tax in Israel under certain conditions.

Real
Gain accrued by individuals on the sale of our ordinary shares or ADSs will be taxed at the rate of up to 25%. However, if the individual
shareholder is a “ Substantial Shareholder” ( i. e.

Individual
(that the income in his hands from the sale of the securities is in the form of income from a “business”) and corporate shareholders
dealing in securities in Israel are taxed at the tax rates applicable to business income in 2024, a tax rate of 23% for corporations
and a marginal tax rate of up to