Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 377

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 377
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 tax period and are liable to Swiss federal, cantonal and communal corporate income taxes on any net taxable earnings accumulated for such period. Swiss resident corporate taxpayers as well as non -Swissresident corporate taxpayers holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland may be eligible for participation relief (Beteiligungsabzug) in respect of dividends and distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contributions (Reserven aus Kapitaleinlagen) if the NLS Common Shares or Preferred Shares held by them as part of a Swiss business have an aggregate market value of at least CHF 1 million or represent at least 10% of the nominal share capital of NLS or give entitlement to at least 10% of the profits and reserves of NLS, respectively. Recipients of dividends and similar distributions on the NLS Common Shares or Preferred Shares (including share dividends and liquidation proceeds) who neither are residents of Switzerland nor during the current taxation year have engaged in a trade or business in Switzerland and who are not subject to taxation in Switzerland for any other reason are not subject to Swiss federal, cantonal or communal individual or corporate income taxes in respect of dividend payments and similar distributions because of the mere holding of the NLS Common Shares or Preferred Shares. Wealth and Annual Capital Tax on Holding of NLS Common Shares or Preferred Shares Swiss resident individuals and non -Swissresident individuals holding the NLS Common Shares or Preferred Shares part of a trade or business carried on in Switzerland are required to report their NLS Common Shares or Preferred Shares as part of their wealth and will be subject to cantonal and communal wealth tax to the extent the aggregate taxable net wealth is allocable to Switzerland. Swiss resident corporate taxpayers and non -Swissresident corporate taxpayers holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland will be subject to cantonal and communal annual capital tax on the taxable capital to the extent the aggregate taxable capital is allocable to Switzerland. Individuals and corporate taxpayers not resident in Switzerland for tax purposes and not holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland are not subject to wealth or annual capital tax in Switzerland because of the mere holding of the NLS Common Shares or Preferred Shares. Capital Gains on Disposal of NLS Common Shares or Preferred Shares Swiss resident individuals who sell or otherwise dispose of the NLS common shares or preferred shares