Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 121

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 10
Chunk 121
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 of 3% on annual income (including, but not limited
to, income derived from dividends, interest and capital gains) exceedinga certain threshold, or the Threshold Amount (NIS 721,560
for years 2024 through 2027, which amount will be updated annually starting January 1, 2028, based on the change in the Israeli consumer
price index); and (ii) according to legislation in effect as of January
1, 2025, an additional tax at a rate of 2% on annual capital-sourced income (defined as income from any source other than employment
income, business income, or income from “personal effort,” and which includes, among
other things, income from capital gains, dividends, interest, rental income, or from the sale of real property) exceeding the
Threshold Amount.

Estate and Gift Tax

Israeli law currently does not impose estate or gift taxes.

CERTAIN MATERIAL U. S. FEDERAL INCOME TAX CONSIDERATIONS

THE FOLLOWING SUMMARY IS
INCLUDED HEREIN FOR GENERAL INFORMATION AND IS NOT INTENDED TO BE, AND SHOULD NOT BE CONSIDERED TO BE, LEGAL OR TAX ADVICE. EACH
U. S. HOLDER SHOULD CONSULT WITH HIS OR HER OWN TAX ADVISOR
AS TO THE PARTICULAR U. S. FEDERAL INCOME TAX CONSEQUENCES OF THE PURCHASE, OWNERSHIP AND SALE OF ORDINARY SHARES, INCLUDING THE
EFFECTS OF APPLICABLE STATE, LOCAL, FOREIGN OR OTHER TAX LAWS AND POSSIBLE CHANGES IN THE TAX LAWS.

Subject to the limitations
described in the next two paragraphs, the following discussion summarizes certain material U. S. federal income tax consequences to a
“ U. S. Holder” arising from the purchase, ownership and sale of the ordinary shares. For this purpose, a “ U. S. Holder”
is a holder of ordinary shares that is: (1) an individual citizen or resident of the United States, including an alien individual who
is a lawful permanent resident of the United States or meets the substantial presence residency test under U. S. federal income tax laws;
(2) a corporation (or entity treated as a corporation for U. S. federal income tax purposes) created or organized under the laws of the
United States or the District of Columbia or any political subdivision thereof; (3) an estate, the income of which is includable in gross
income for U. S. federal