Nokia 2010 Annual Report Download - page 179

Finnish Inheritance and Gift Taxes
A transfer of an underlying share by gift or by reason of the death of a US Holder and the transfer of
an ADS are not subject to Finnish gift or inheritance tax provided that none of the deceased person,
the donor, the beneficiary of the deceased person or the recipient of the gift is resident in Finland.
NonResidents of the United States
Beneficial owners of ADSs that are not US Holders will not be subject to US federal income tax on
dividends received with respect to ADSs unless this dividend income is effectively connected with the
conduct of a trade or business within the United States. Similarly, nonUS Holders generally will not
be subject to US federal income tax on the gain realized on the sale or other disposition of ADSs,
unless (a) the gain is effectively connected with the conduct of a trade or business in the United
States or (b) in the case of an individual, that individual is present in the United States for 183 days
or more in the taxable year of the disposition and other conditions are met.
US Information Reporting and Backup Withholding
Dividend payments with respect to shares or ADSs and proceeds from the sale or other disposition of
shares or ADSs may be subject to information reporting to the IRS and possible US backup
withholding. Backup withholding will not apply to a Holder; however, if the Holder furnishes a correct
taxpayer identification number or certificate of foreign status and makes any other required
certification in connection therewith or if it is a recipient otherwise exempt from backup withholding
(such as a corporation). Any US person required to establish its exempt status generally must furnish
a duly completed IRS Form W9 (Request for Taxpayer Identification Number and Certification). NonUS
Holders generally are not subject to US information reporting or backup withholding. However, such
Holders may be required to provide certification of nonUS status (generally on IRS Form W8BEN) in
connection with payments received in the United States or through certain USrelated financial
intermediaries. Backup withholding is not an additional tax. Amounts withheld as backup
withholding may be credited against a Holder’s US federal income tax liability, and the Holder may
obtain a refund of any excess amounts withheld under the backup withholding rules by timely filing
the appropriate claim for refund with the Internal Revenue Service and furnishing any required
information.
10F. Dividends and Paying Agents
Not applicable.
10G. Statement by Experts
Not applicable.
10H. Documents on Display
The documents referred to in this annual report can be read at the Securities and Exchange
Commission’s public reference facilities at 100 F Street, N.E., Room 1580, Washington, D.C. 20549.
10I. Subsidiary Information
Not applicable.
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
See Note 35 to our consolidated financial statements included in Item 18 of this annual report for
information on market risk.
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