Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 280

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 280
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 Switzerland, are
not subject to Swiss federal, cantonal and communal individual income or corporate income tax, as the case may be, on capital gains realized
on the sale of the common shares and/or Warrants.

Gift and Inheritance Tax

Transfers of common shares
and/or Warrants may be subject to cantonal and/or communal inheritance or gift taxes if the deceased or the donor or the recipient were
resident in a Canton levying such taxes.

Swiss Issuance Stamp Duty

The Company is subject to
paying to the Swiss Federal Tax Administration a 1% Swiss federal issuance stamp tax (“ Emissionsabgabe”) on any increase of
the nominal share capital of the Company (including capital surplus) or any other equity contributions received by the Company (with or
without issuance of shares). Certain costs incurred in connection with the issuance of shares (if any) may be deductible. There are several
exemptions from issuance stamp tax that may apply under certain circumstances (e. g., certain intercompany reorganizations).

Swiss Securities Transfer Tax

The purchase or sale (or other
financial transfer) of the common shares, whether by Swiss residents or non-Swiss residents, may be subject to Swiss securities transfer
tax of up to 0.15%, calculated on the purchase price or the proceeds if the purchase or sale occurs through or with a bank or other securities
dealer in Switzerland as defined in the Swiss Federal Stamp Duty Act as an intermediary or party to the transaction unless an exemption
applies.

Automatic Exchange of Information in Tax Matters

On November 19, 2014, Switzerland
signed the multilateral competent authority agreement on the automatic exchange of financial account information, which is intended to
ensure the uniform implementation of automatic exchange of information, or the AEOI.

The AEOI is being introduced
in Switzerland through bilateral agreements or multilateral agreements. Switzerland has concluded a multilateral agreement with the EU
on the AEOI in tax matters, or the AEOI Agreement. This AEOI Agreement entered into force as of January 1, 2017 and applies to all 28
member states as well as Gibraltar. Furthermore, on January 1, 2017, the multilateral competent authority agreement on the automatic exchange
of financial account information and, based on such agreement, a number of bilateral AEOI agreements with other jurisdictions entered
into force. The Federal Act on the International Automatic Exchange of Information in Tax Matters, or the AEOI Act