Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 55

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 55
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 imposition of tariffs and trade restrictions as a result of international trade disputes
or changes in trade policies may adversely affect our sales and profitability. The occurrence of any the above may have a material adverse
effect on our business, results of operations and financial condition.

Changes to taxation or the interpretation or application of tax laws could have an adverse impact on our results of operations and financial condition.

Our business is expected to be subject to various
taxes in different jurisdictions (mainly Italy), which include, among others, the Italian corporate income tax (“IRES”), regional
trade tax (“IRAP”), value added tax (“VAT”), excise duty, registration tax and other indirect taxes.

We are exposed to the risk that our overall tax
burden may increase in the future.

Changes in tax laws or regulations, or in the position
of the relevant Italian and non-Italian authorities regarding the application, administration or interpretation of these laws or regulations,
particularly if applied retrospectively, could have a material adverse effect on our business, results of operations and financial condition.

In addition, tax laws are complex and subject to
subjective valuations and interpretive decisions. The tax authorities may not agree with our interpretations of, or the positions we have
taken or intend to take on, tax laws applicable to our ordinary activities and extraordinary transactions. In case of challenges by the
tax authorities to our interpretations, we could face long tax proceedings that could result in the payment of additional tax and penalties,
with potential material adverse effects on our business, results of operations and financial condition.

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We intend to be treated exclusively as a resident of the Republic of Italy for tax purposes, but Dutch or other tax authorities may seek to treat us as a tax resident of another jurisdiction as a result of which we could be subject to increased and/or different taxes.

We intend to continue being resident for fiscal
purposes exclusively in the Republic of Italy. Indeed, we intend to maintain management and organizational structure in such a manner
that (i) our place of effective management would be in Italy and we should be regarded as a tax resident of Italy for Italian domestic
law purposes; (ii) we should be considered to be exclusively tax resident in Italy for purposes of the applicable tax treaties, including
the Convention between the Kingdom of the Netherlands and the Republic of Italy for the avoidance of double taxation and the prevention
of fiscal evasion with respect to taxes on income and on capital (the “Italy-Netherlands Tax Treaty”); and (iii