Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 115

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 10
Chunk 115
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 regulations or currency restrictions.

E. Taxation

The following description
is not intended to constitute a complete analysis of all tax considerations relating to the acquisition, ownership, and disposition of
our Class A Shares. You should consult your own tax advisor concerning the tax considerations of your particular situation, as well as
any tax consequences that may arise under the laws of any state, local, foreign, or other taxing jurisdiction.

BVI Taxation

The following is a discussion
on certain BVI income tax consequences of an investment in our securities. The discussion is a general summary of present law, which is
subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor’s particular circumstances,
and does not consider tax consequences other than those arising under BVI law.

The government of the BVI does
not, under existing legislation, impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding
tax upon our Company or its security holders who are not tax resident in the BVI.

The BVI currently levies no
taxes on individuals or corporations based upon profits, income, gains or appreciation, and there is no taxation in the nature of inheritance
tax or estate duty. There are no other taxes likely to be material to our Company levied by the government of the BVI save for certain
stamp duties which may be applicable, from time to time, on certain instruments. No stamp duty is payable in the BVI on transfer of shares
of BVI companies incorporated or registered under the BCA, except for those which hold interests in land in the BVI. There are no foreign
exchange controls or foreign exchange regulations under the currently applicable laws of the BVI.

The BVI enacted the Economic Substance (Companies and Limited Partnerships)
Act 2018 (the “ ES Act”), which became effective on January 1, 2019, and the International Tax Authority’s (the
“ITA”) Rules on Economic Substance in the Virgin Islands (the “ITA’s Rules”), containing rules
and guidance relating to the interpretation of the ES Act and how the ITA will carry out its obligations. The ITA’s Rules were first
issued on October 9, 2019, were further updated on February 10, 2020 and again updated on February 23, 2023. A BVI company that is considered
a “legal entity” that is conducting one or more of the nine “relevant activities” is required