Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 257

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 257
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 corporate income tax rate was 25% for the fiscal year ended March 31, 2025. People’s Republic of China (“PRC”) The Company’s subsidiaries incorporated in the PRC are subject to PRC Enterprise Income Tax at a unified tax rate of 25% on their taxable income, as determined in accordance with relevant PRC tax laws and regulations. Preferential tax rates or exemptions may be available to certain qualified entities, subject to approval by local tax authorities. Dubai (United Arab Emirates) The Company’s subsidiary incorporated in Dubai is governed by the corporate tax regime established under UAE Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. Effective from June 1, 2023, the UAE implemented a corporate tax regime at a standard rate of 9% on taxable income exceeding AED 375,000. Income up to this threshold is exempt from corporate tax. United States The Company’s subsidiary incorporated in the United States is subject to U.S. federal corporate income tax at a statutory rate of 21% on its taxable income, in accordance with the Internal Revenue Code. Additionally, the subsidiary may also be subject to state and local income taxes, which vary by jurisdiction. Income tax (benefit) expense for the years ended March 31, 2025, 2024, and 2023 amounted to $ 1,128,672, $ 53,291and $ 620,142, respectively. F-48 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Significant components of the provision for income
taxes are as follows:

|                            |     | For the years ended March 31, |      2025 |   |     |   |     2024 |   |     |   |     2023 |   |
|:---------------------------|:----|:------------------------------|----------:|:--|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Current                    |     | $                             | 1,362,520 |   |     | $ |  723,160 |   |     | $ |  873,308 |   |
| Deferred                   |     |                               |  (233,848 | ) |     |   | (669,869 | ) |     |   | (253,166 | ) |
| Provision for income