Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 104

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 10
Chunk 104
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 the Internal Revenue Service may challenge our classification of certain income and assets
as non-passive or our valuation of our tangible and intangible assets, each of which may result in our becoming a PFIC for the current
or subsequent taxable years. If we were classified as a PFIC for any year during which a U. S. Holder held our ordinary shares, we generally
would continue to be treated as a PFIC for all succeeding years during which such U. S. Holder held our ordinary shares even if we cease
to be a PFIC in subsequent years, unless certain elections are made.

  75  

If
we are classified as a PFIC for any taxable year during which a U. S. Holder holds our ordinary shares, and unless the U. S. Holder makes
a mark -to-market election (as described below), the U. S. Holder will generally be subject to special tax rules that have a penalizing
effect, regardless of whether we remain a PFIC, on (i) any excess distribution that we make to the U. S. Holder (which generally means
any distribution paid during a taxable year to a U. S. Holder that is greater than 125 percent of the average annual distributions paid
in the three preceding taxable years or, if shorter, the U. S. Holder’s holding period for the ordinary shares), and (ii) any gain
realized on the sale or other disposition of ordinary shares. Under these rules,

  the U. S. Holder’s                                                                                                                    
  the amount allocated to                                                                                                               
  the amount allocated to                                                                                                               
  an additional tax equal                                                                                                               

If
we are treated as a PFIC for any taxable year during which a U. S. Holder holds our ordinary shares, or if any of our subsidiaries is
also a PFIC, such U. S. Holder would be treated as owning a proportionate amount (by value) of the shares of any lower-tier PFICs for
purposes of the application of these rules. U. S. Holders are urged to consult their tax advisors regarding the application of the PFIC
rules to any of our subsidiaries.

As
an alternative to the foregoing rules, a U. S. Holder of “marketable stock” in a PFIC may make a mark-to-market election with
respect to such stock, provided that such stock is “regularly traded” within the meaning of applicable U. S. Treasury regulations.
If our ordinary shares qualify as being regularly