Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 248

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 10
Chunk 248
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 reduction of, or 
full or partial refund of, Dutch dividend withholding tax under Dutch law, EU law, or treaties for the avoidance of 
double taxation.
A holder of Ordinary Shares that is resident (i) in an EU member state, (ii) in a state that is a party to the 
Agreement on the European Economic Area (“EEA;” Iceland, Liechtenstein or Norway), or (iii) in a designated 
third state with which the Netherlands has agreed to an arrangement for the exchange of information on tax matters 
and for whom dividends distributed by Coincheck Parent or income deemed to be derived from the Ordinary Shares 
is not subject to tax under the ITA or the CITA, may be entitled to a full or partial refund of Dutch dividend 
withholding tax incurred in respect of the Ordinary Shares if the final tax burden in respect of the dividends 
distributed by Coincheck Parent of a comparable Dutch resident holder of Ordinary Shares is lower than the 
withholding tax incurred by the non-Dutch resident holder of Ordinary Shares. The refund is granted upon request, 
and is subject to conditions and limitations. No entitlement to a refund exists if the disadvantage for the non-
Dutch resident holder of Ordinary Shares is entirely compensated in his state of residence under the provisions of a 
treaty for the avoidance of double taxation concluded between his state of residence and the Netherlands.
A holder of Ordinary Shares who is resident in the United States for purposes of the 1992 treaty for the 
avoidance of double taxation between the United States and the Netherlands, as amended most recently by the 
Protocol signed March 8, 2004 (the “US Treaty”) and who is entitled to the benefits of the US Treaty, will be 
entitled to an exemption from or a reduction of Dutch dividend withholding tax as follows:
(i)     if the US holder of Ordinary Shares is an exempt pension trust as described in Article 35 of the US 
Treaty or an exempt organization as described in Article 36 of the US Treaty, the US holder of Ordinary 
Shares is entitled to an exemption from Dutch dividend withholding tax; and
(ii)    if the US holder of Ordinary Shares is a company that directly holds at least 10%, but less than 80% of 
the voting power in Coincheck Parent, the US holder of Ordinary Shares will be entitled to a reduction 
of Dutch withholding tax to a rate of 5%.
A US holder of Ordinary Shares that qualifies for an exemption from, or a reduction