Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 181

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 181
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 Shares to
non-U. S. Holders and the amount of tax, if any, withheld with respect to those payments must be reported annually to the IRS and to
the non-U. S. Holders. Copies of the information returns reporting distributions and withholding may also be made available to the
tax authorities in a country in which the non-U. S. Holder resides under the provisions of an applicable income tax treaty. A
non-U. S. Holder may have to comply with certification procedures to establish that it is not a United States person in order to
avoid backup withholding requirements. The certification procedures required to claim a reduced rate of withholding under a treaty
generally will satisfy the certification requirements necessary to avoid the backup withholding as well. Backup withholding is not
an additional tax. The amount of any backup withholding from a payment to a non-U. S. Holder will be allowed as a credit against such
holder’s U. S. federal income tax liability and may entitle such holder to a refund, provided that the required information is
timely furnished to the IRS.

Foreign Account Tax Compliance Act

Sections 1471 through 1474 of the Code (commonly
referred to as the “ Foreign Account Tax Compliance Act” or “ FATCA”) and Treasury Regulations and administrative
guidance promulgated thereunder impose a U. S. federal withholding tax of 30% on certain payments paid to a foreign financial institution
(as specifically defined by applicable rules) unless such institution enters into an agreement with the U. S. government to withhold on
certain payments and to collect and provide to the U. S. tax authorities substantial information regarding U. S. account holders of such
institution (which includes certain equity holders of such institution, as well as certain account holders that are foreign entities with
U. S. owners). FATCA also generally imposes a federal withholding tax of 30% on certain payments to a non-financial foreign entity unless
such entity provides the withholding agent with either a certification that it does not have any substantial direct or indirect U. S. owners
or provides information regarding substantial direct and indirect U. S. owners of the entity. An intergovernmental agreement between the
United States and an applicable foreign country may modify these requirements. The withholding tax described above will not apply if the
foreign financial institution or non-financial foreign entity otherwise qualifies for an exemption from the rules.

FATCA withholding currently applies to payments
of dividends. The U. S. Treasury Department