Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 110

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 110
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 loss from sources within the United States for foreign tax credit limitation
purposes.

To
the extent a distribution with respect to our securities exceeds our current and accumulated earnings and profits, as determined under
United States federal income tax principles, the distribution will be treated, first, as a tax-free return of the U. S. Holder’s
investment, up to the holder’s adjusted tax basis in its securities, and, thereafter, as capital gain, which is subject to the
tax treatment described below in “ - Gain on sale, exchange or other taxable disposition.” We do not intend to calculate
our earnings and profits under U. S. federal income tax principles. Therefore, a U. S. Holder should expect that a distribution will be
reported as a dividend even if that distribution would otherwise be treated as a non-taxable return of capital or as capital gain under
the rules described above.

Subject
to certain significant conditions and limitations, including potential limitations under the Treaty, U. S. Holders may be entitled to
a credit against their U. S. federal income tax liability or a deduction against U. S. federal taxable income in an amount equal to the
non-refundable Israeli tax withheld on distributions on our ordinary shares. The election to deduct, rather than credit, foreign taxes,
is made on a year-by-year basis and applies to all foreign taxes paid by a U. S. Holder or withheld from a U. S. Holder that year. Distributions
paid on our ordinary shares will generally be treated as passive income that is foreign source for U. S. foreign tax credit purposes.
As a result of recent changes to the U. S. foreign tax credit rules, a withholding tax may need to satisfy certain additional requirements
in order to be considered a creditable or deductible tax for a U. S. Holder. We have not determined whether these requirements have been
met and, accordingly, no assurance can be given that any withholding tax on dividends paid by us will be creditable. U. S. Holders should
consult their own tax advisors to determine whether and to what extent they would be entitled to such credit.

Subject
to the discussion below under “ Information reporting and backup withholding,” if you are a Non-U. S. Holder, you generally
will not be subject to United States federal income (or withholding) tax on dividends received by you on your securities, unless you
conduct a trade or business in the United States and such income is effectively connected with that trade or business (