Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 158

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 158
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Effects from entities taxes with different rates ( 14,565 ( 15,930 ( 5,440
Other permanent differences (1) ( 9,331 ( 5,394 ( 687
Total ( 30,550 ( 29,428 ( 11,586
(1)During the year ended December 31, 2024, other permanent differences included non-deductible expenses, the effect of income taxes accrued in subsidiaries (due to higher income tax rates) and the effect of hyperinflation adjustment in Argentinean subsidiaries.
The Company recorded income tax expenses of USD4,543 related to a claim from the Uruguayan Tax Authority concerning income taxes on foreign activities and transactions under the Free Zone regime held in 2022. Despite having strong arguments for its position, during the last quarter of 2024, the Company chose to settle with local tax authorities to resolve the matter. The Company and its external tax advisors are confident that there is no significant risk related to prior or subsequent periods.

13.
Capital Management
(a)
Share capital and share premium
At the date of these consolidated financial statements, the total authorized share capital of the Group was USD3,000,000, divided into1,500,000,000 shares par value USD0.002 each, of which:
•1,000,000,000 shares are designated as Class A common shares; and
•250,000,000 shares are designated as Class B common shares.
The remaining250,000,000 authorized but unissued shares are presently undesignated and may be issued by our board of directors as common shares of any class or as shares with preferred, deferred or other special rights or restrictions.
The rights of the holders of Class A Common Shares and Class B Common Shares are identical, except with respect to voting, conversion and transfer restrictions applicable to the Class B Common Shares. Each Class A Common Share is entitled to one vote while Class B Common Shares are entitled to five votes each. Each Class B Common Share is convertible into one Class A Common Share automatically upon transfer, subject to certain exceptions. Holders of Class A Common Shares and Class B Common Shares vote together as a single class on all matters unless otherwise required by law.
Authorized shares, as well as issued and fully paid-up shares, are presented below:
2024 2023
Amount USD Amount USD
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Issued and Fully Paid Up Shares of USD 0.002 each