Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 100

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 100
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Cayman Islands Taxation

The Cayman Islands currently
levy no taxes on individuals or corporations based upon profits, income, gains or appreciations 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 Cayman
Islands save for certain stamp duties which may be applicable, from time to time, on certain instruments. No stamp duty is payable in
the Cayman Islands on transfers of shares of Cayman Islands companies save for those which hold interests in land in the Cayman Islands.
There are no exchange control regulations or currency restrictions in effect in the Cayman Islands.

We have received an undertaking
from the Governor in Cabinet of the Cayman Islands to the effect that, for a period of 20 years from the date of the undertaking,
no law that thereafter is enacted in the Cayman Islands imposing any tax or duty to be levied on profits, income, gains or appreciations
shall apply to our Company or its operations; and that no tax to be levied on profits, income, gains or appreciations or which is in the
nature of estate duty or inheritance tax shall be payable (a) on or in respect of the shares, debentures or other obligations of
our Company; or (b) by way of the withholding in whole or in part of any relevant payment as defined in the Tax Concessions Act of the
Cayman Islands.

Hong Kong Profits Taxation

No tax is imposed in Hong Kong
in respect of capital gains from the sale of property, such as our Ordinary Shares. Generally, gains arising from disposal of the Ordinary
Shares which are held more than two years are considered capital in nature. However, trading gains from the sale of property by persons
carrying on a trade, profession or business in Hong Kong where such gains are derived from or arise in Hong Kong from such trade,
profession or business will be chargeable to Hong Kong profit tax. Liability for Hong Kong profits tax would therefore arise
in respect of trading gains from the sale of Ordinary Shares realized by persons in the course of carrying on a business of trading or
dealing in securities in Hong Kong where the purchase or sale contracts are effected (being negotiated, concluded and/or executed)
in Hong Kong. Effective from April 1, 2018, profits tax is levied on a two-tiered profits tax rate basis, with the first HK$2 million
of profits