Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 347

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 347
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 which the U. S. Treasury Department has determined is satisfactory for these purposes. We are not eligible for the benefits of any U. S. income tax treaty. However, because our ADSs are listed on the Nasdaq, a non-corporate U. S. Holder of ADSs may be eligible for the preferential tax rates on dividends, subject to applicable limitations (including a minimum holding period and other requirements) and provided that we are not a PFIC (and are not treated as a PFIC with respect to the U. S. Holder) for the taxable year of distribution of the preceding taxable year.

For purposes of the foreign tax credit rules, dividends will be treated as foreign-source income. As described in “ - Taxation in the PRC” above, if we are deemed to be a “resident enterprise” under PRC tax law, U. S. Holders may be subject to PRC withholding taxes on dividends paid by us. In that case, subject to certain conditions and limitations and the discussion below regarding the impact of certain Treasury regulations, such PRC taxes withheld from dividend payments (at a rate not exceeding the applicable rate provided in the U. S.-PRC Tax Treaty for U. S. Holders eligible for the benefits of the U. S.-PRC Tax Treaty) generally will be eligible for credit against a U. S. Holder’s U. S. federal income tax liability under the U. S. foreign tax credit rules. The U. S. foreign tax credit rules are complex. For example, under Treasury regulations, in the absence of an election to apply the benefits of an applicable income tax treaty, in order to be creditable, non-U. S. income tax rules must be consistent with certain U. S. federal income tax principles, and we have not determined whether the PRC income tax system meets these requirements. The IRS released notices that provide relief from certain of the provisions of the Treasury regulations described above for taxable years ending before the date that a notice or other guidance withdrawing or modifying the temporary relief is issued (or any later date specified in such notice or other guidance). A U. S. Holder that is not entitled, or does not elect, to claim a foreign tax credit for PRC tax withheld may instead be eligible to claim a deduction in respect of such withholding, but only for a year in which such U. S. Holder elects to do so for all creditable foreign income taxes and subject to other applicable limitations. U. S. Holders should