| Taxation Conditions | 1. The tax rate will be 20% (20% in 2016) for individual Israeli shareholders and 0% (0% in 2016) for Israeli corporate shareholders.
2. The tax rate for the dividends for individual and corporate Singaporean shareholders is 10% (10% in 2016).
3. Commencing with payments made in 2017, payment to shareholders of dividends distributed by the Company will be subject to tax deduction at source at the rate of 20% in 2017, in compliance with Israeli tax directives. Tax amounts deducted from dividend payments will be deposited with a trustee. A shareholder claiming eligibility for preferential tax treatment on dividend payments pursuant to Israeli tax laws or international tax treaties may apply to the trustee within 30 days of the distribution date providing all necessary details and documents, for reimbursement of excess deduction, subject to verification of such eligibility.
Further details shall be provided by the Company prior to the Book Closure Date. |