Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 96

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 96
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ible in the gross income of a U. S. Holder as dividend income on the day
actually or constructively received by the U. S. Holder. Because we do not intend to determine our earnings and profits on the basis
of U. S. federal income tax principles, any distribution we pay will generally be treated as a “dividend” for U. S.
federal income tax purposes. A non-corporate U. S. Holder will be subject to tax on dividend income from a “qualified foreign
corporation” at a lower applicable capital gains rate rather than the marginal tax rates generally applicable to ordinary
income provided that certain holding period requirements are met. A non-U. S. corporation (other than a corporation that is
classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year) will generally be considered
to be a qualified foreign corporation (i) if it is eligible for the benefits of a comprehensive tax treaty with the United States
that the U. S. Secretary of Treasury determines is satisfactory for purposes of this provision and includes an exchange of
information program, or (ii) with respect to any dividend it pays on stock that is readily tradable on an established securities
market in the United States, including Nasdaq. It is unclear whether dividends that we pay on our Shares will meet the conditions
required for the reduced tax rate. If we are eligible for such benefits, dividends we pay on our Ordinary Shares, would be eligible
for the reduced rates of taxation described in this paragraph. You are urged to consult your tax advisor regarding the availability
of the lower rate for dividends paid with respect to our Ordinary Shares. Dividends received on our Ordinary Shares will not be
eligible for the dividends-received deduction allowed to corporations.

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Dividends
will generally be treated as income from foreign sources for U. S. foreign tax credit purposes and will generally constitute passive category
income. Depending on the U. S. Holder’s individual facts and circumstances, a U. S. Holder may be eligible, subject to a number of
complex limitations, to claim a foreign tax credit not in excess of any applicable treaty rate in respect of any foreign withholding
taxes imposed on dividends received on our Ordinary Shares. A U. S. Holder who does not elect to claim a foreign tax credit for foreign
tax withheld may instead claim a deduction, for U. S. federal income tax purposes, in respect of