Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 125

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 125
---
 commencement of such employment. Where an employer ceases or is about to cease to employ in
Hong Kong an individual who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice
to the Commissioner of Inland Revenue not later than one month before such individual ceases to be employed in Hong Kong.

Withholding Tax on Dividends

Under the current practice
of the Inland Revenue Department of Hong Kong, no withholding tax is payable in Hong Kong in respect of dividends paid by the Hong Kong
subsidiaries in Hong Kong.

Capital Gains and Profit Tax

The Inland Revenue Ordinance
provides, among other things, that profits tax shall be charged on every person carrying on a trade, profession or business in Hong Kong
in respect of his or her assessable profits arising in or derived from Hong Kong at the standard rate at 16.5%, except for the qualifying
group entity under the two-tiered profits tax regime. The two-tiered profits tax regime is applicable to years of assessment commencing
on or after April 1, 2018, for which the first HK$2,000,000 of assessable profits are taxed at the rate of 8.25% and the remaining
assessable profits are taxed at 16.5%. The Inland Revenue Ordinance also contains detailed provisions relating to, among other things,
permissible deductions for outgoings and expenses, set-offs for losses and allowances for depreciation of capital assets.

<div align='center'>72</div>

No tax is imposed in Hong
Kong in respect of capital gains from the sale of shares. However, trading gains from the sale of shares by persons carrying on a trade,
profession or business in Hong Kong, where such gains are derived from or arise in Hong Kong, will be subject to Hong Kong profits tax.
Certain categories of taxpayers (for example, financial institutions, insurance companies and securities dealers) are likely to be regarded
as deriving trading gains rather than capital gains, unless these taxpayers can prove that the investment securities are held for long-term
investment purposes.

Under the Stamp Duty Ordinance
(Chapter 117 of the Laws of Hong Kong), the Hong Kong stamp duty currently charged at the ad valorem rate of 0.1% on the higher of the
consideration for or the market value of the shares, will be payable by the purchaser on every purchase and by the seller on every sale
of Hong Kong shares (in