Incredimail 2013 Annual Report Download - page 84

Information Reporting and Backup Withholding
U.S. Holders generally are subject to information reporting requirements with respect to dividends on, or proceeds from the disposition
of, our ordinary shares. In addition, a U.S. Holder may be subject, under certain circumstances, to backup withholding (currently, at a rate of up
to 28%) with respect to dividends paid on, or proceeds from the disposition of, our ordinary shares unless the U.S. Holder provides proof of an
applicable exemption or correct taxpayer identification number, and otherwise complies with the applicable requirements of the backup
withholding rules. A U.S. Holder of our ordinary shares who provides an incorrect taxpayer identification number may be subject to penalties
imposed by the IRS. Amounts withheld under the backup withholding rules are not an additional tax and may be refunded or credited against
the U.S. Holder’s U.S. federal income tax liability, provided the required information is furnished to the IRS.
Certain individuals who are U.S. Holders may be required to file a Form 8938 to report their ownership of specified foreign financial
assets, which may include our ordinary shares, if the total value of those assets exceed certain thresholds. U.S. Holders are urged to consult their
tax advisors regarding their tax reporting obligations, including the requirement to file a Form 8938.
Non-U.S. Holders generally are not subject to information reporting or backup withholding, provided that the Non-U.S. Holder
provides a taxpayer identification number, certifies to its foreign status, or establishes another exemption to the information reporting or backup
withholding requirements.
F. DIVIDENDS AND PAYING AGENTS
Not applicable.
G. STATEMENT BY EXPERTS
Not applicable.
H. DOCUMENTS ON DISPLAY
You may request a copy of our U.S. SEC filings, at no cost, by writing or calling us at Perion Network Ltd., 4 HaNechoshet Street, Tel-
Aviv 69710, Israel, Attention: Yacov Kaufman, Telephone: +972-3-
7696100. A copy of each report submitted in accordance with applicable
U.S. law is available for public review at our principal executive offices. In addition, our filings with the SEC may be inspected without charge
at the SEC’
s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Room
can be obtained by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available to the public from the SEC’
s website at
www.sec.gov.
A copy of each document (or a translation thereof to the extent not in English) concerning Perion that is referred to in this annual report
on Form 20-
F, is available for public view (subject to confidential treatment of agreements pursuant to applicable law) at our principal executive
offices at Perion Network Ltd., 4 HaNechoshet Street, Tel-Aviv 69710, Israel.
I. SUBSIDIARY INFORMATION
Not applicable.
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Exchange Rate Risk.
A significant portion of our revenues and expenses are in foreign currencies. As a result numerous balances are
denominated or linked to these currencies. Foreign currency related fluctuations resulted in $69,000 and $170,000 financial income in 2013 and
2012, respectively. These results are components of the exchange rate differences set forth in Note 13(a) to our financial statements.
• the Non-
U.S. Holder is an individual who holds the ordinary shares as a capital asset and is present in the United States for 183
days or more in the taxable year of the disposition, and certain other conditions are met.
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