Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 178

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 178
---
certain holding period requirements are met, dividends we pay to a non-corporate U. S. Holder will generally constitute “qualified
dividends” that under current law will be subject to tax at long-term capital gains rates. If the holding period requirements are
not satisfied, a corporation may not be able to qualify for the dividends received deduction and would have taxable income equal to the
entire dividend amount, and non-corporate holders may be subject to tax on such dividend at ordinary income tax rates instead of the preferential
rates that apply to qualified dividend income.

Gain or Loss on Sale, Taxable Exchange or
Other Taxable Disposition of Ordinary Shares

A U. S. Holder generally will recognize gain or
loss on the sale, taxable exchange or other taxable disposition of our Ordinary Shares. Any such gain or loss will be capital gain or
loss, and will be long-term capital gain or loss if the U. S. Holder’s holding period for the Ordinary Shares so disposed of exceeds
one year. The amount of gain or loss recognized will generally be equal to the difference between (1) the sum of the amount of cash and
the fair market value of any property received in such disposition and (2) the U. S. Holder’s adjusted tax basis in its Ordinary
Shares so disposed of. A U. S. Holder’s adjusted tax basis in its Ordinary Shares will generally equal the U. S. Holder’s acquisition
cost for such Ordinary Shares, less any prior distributions treated as a return of capital. Long-term capital gains recognized by non-corporate
U. S. Holders are generally eligible under current law for reduced rates of tax. If the U. S. Holder’s holding period for the Ordinary
Shares so disposed of is one year or less, any gain on a sale or other taxable disposition of the shares would be subject to short-term
capital gain treatment and would be taxed at ordinary income tax rates. The deductibility of capital losses is subject to limitations.

Information Reporting and Backup Withholding.

In general, information reporting requirements
may apply to distributions paid to a U. S. Holder and to the proceeds of the sale or other disposition of our Ordinary Shares, unless the
U. S. Holder is an exempt recipient. Backup withholding may apply to such payments if the U. S. Holder fails to provide a taxpayer identification
number (or furnishes an incorrect taxpayer identification number) or a certification of exempt status, or has been notified by the IRS
that