Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 91

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 91
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 operations; and (b) that the aforesaid tax or any tax in the nature of estate duty or inheritance tax shall
not be payable on or in respect of the shares, debentures or other obligations of our Company or by way of withholding in whole or in
part of any relevant payment as defined in section 6(3) of the Tax Concessions Act (Revised) of the Cayman Islands. The undertaking for
our Company is for a period of 20 years from 29 August 2022.

The
Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is
no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government
of the Cayman Islands except for stamp duties which may be applicable on instruments executed in, or, after execution, brought within
the jurisdiction of the Cayman Islands. The Cayman Islands is a party to a double tax treaty entered with the United Kingdom in 2010
but is otherwise is not party to any double tax treaties that are applicable to any payments made to or by our company. There are no
exchange control regulations or currency restrictions in the Cayman Islands.

Payments
of dividends and capital in respect of our Shares will not be subject to taxation in the Cayman Islands and no withholding will be required
on the payment of a dividend or capital to any holder of our Shares, nor will gains derived from the disposal of our Shares be subject
to Cayman Islands income or corporation tax.

No
stamp duty is payable in the Cayman Islands in respect of the issue of our Shares or on an instrument of transfer in respect of our Shares,
so long as the instrument of transfer is not executed in, brought to, or produced before a court of the Cayman Islands.

Singaporean
Tax Considerations

The
statements made herein regarding taxation are general in nature and based on certain aspects of current tax laws of Singapore and administrative
guidelines issued by the relevant authorities in force as of the date of this Report and are subject to any changes in such laws or administrative
guidelines, or in the interpretation of these laws or guidelines, occurring after such date, which could be made on a retrospective basis.
These laws and guidelines are also subject to various interpretations and the relevant tax authorities or the courts could later disagree
with the explanations or conclusions set out below. The statements below are not to be regarded