Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 123

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 10
Chunk 123
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 of services; (4) a U. S. Holder that is subject to the U. S. alternative minimum tax; (5) a U. S. Holder that holds
our ordinary shares as a hedge or as part of a hedging, straddle, conversion or constructive sale transaction or other risk-reduction
transaction for U. S. federal income tax purposes; (6) a tax-exempt entity; (7) real estate investment trusts or grantor trusts; (8) a
U. S. Holder that expatriates out of the United States or a former long-term resident of the United States; or (9) a person having a functional
currency other than the U. S. dollar. This discussion does not address the U. S. federal income tax treatment of a U. S. Holder that owns,
directly or constructively, at any time, ordinary shares representing 10% or more of the shares of our company. Additionally, the U. S.
federal income tax treatment of partnerships (or other pass-through entities) or persons who hold ordinary shares through a partnership
or other pass-through entity are not addressed.

Each prospective investor
is advised to consult his or her own tax adviser for the specific tax consequences to that investor of purchasing, holding or disposing
of our ordinary shares, including the effects of applicable state, local, non-U. S. or other tax laws and possible changes in the tax
laws.

Taxation of Dividends
Paid on Ordinary Shares

We do not intend to pay
dividends in the foreseeable future. In the event that we do pay dividends, and subject to the discussion under the heading
“ Passive Foreign Investment Companies” below and the discussion of “qualified dividend income” below, a U. S.
Holder, other than certain U. S. Holders that are U. S. corporations, will be required to include in gross income as ordinary income
the amount of any distribution paid on the ordinary shares (including the amount of any Israeli tax withheld on the date of the
distribution), to the extent that such distribution does not exceed our current and accumulated earnings and profits, as determined
for U. S. federal income tax purposes. The amount of a distribution that exceeds our earnings and profits will be treated first as a
non-taxable return of capital, reducing the U. S. Holder’s tax basis for the ordinary shares to the extent thereof, and then
capital gain. We do not expect to maintain calculations of our