MAGICJACK VOCALTEC LTD. (NASDAQ:CALL) Files An 8-K Other EventsItem 8.01. Other Events.
MAGICJACK VOCALTEC LTD. (NASDAQ:CALL) Files An 8-K Other Events
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holds magicJack shares in registered form (a record holder) and the expected proceeds to the shareholder exceeds $250,000; or |
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does not fall within one of the categories described above that is eligible for exemption from the Israeli withholding tax, |
then Israeli withholding tax will be imposed on the sales proceeds paid to that shareholder unless the shareholder applies to the Israeli Tax Authority and obtains a withholding tax exemption. The amount withheld will be either (i) 25% of gross proceeds in the case of a shareholder that is an individual or (ii) corporate tax (currently, 23%) of gross proceeds in the case of a shareholder that is an entity.
The foregoing relates only to Israeli withholding tax. Shareholders may be required to submit other documentation (including IRS Form W-8 or W-9) to avoid U.S. income tax withholding that could apply to the merger consideration to which a shareholder is entitled. Further information will be provided to shareholders as soon as possible after the effective time of the merger as contemplated in the merger agreement.
Item 9.01. Financial Statements and Exhibits
MAGICJACK VOCALTEC LTD ExhibitEX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1 Exhibit 99.1 magicJack VocalTec Ltd. Announces Receipt of ITA Withholding Tax Ruling Related to Pending Acquisition by B. Riley WEST PALM BEACH,…To view the full exhibit click here
About MAGICJACK VOCALTEC LTD. (NASDAQ:CALL)
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer. The Company’s products and services allow users to make and/or receive free telephone calls to and from anywhere in the world where the customer has broadband access to the Internet, and allows customers to make free calls back to the United States and Canada from anywhere legally permitted in the world.