Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 209

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 209
---
 to be subject to the rate of16.5% for corporations
in Hong Kong, effective from the year of assessment 2018/2019. Before that, the applicable tax rate was16.5% for corporations in
Hong Kong.

PRC

Weitong, Beijing Jingyuan, Shanghai Jingyue, Shanghai
Jinglu, Shanghai Jingnan, Zhejiang Jingxiu and CSS Shanghai are subject to PRC Corporate Income Tax (“ CIT”) on the taxable
income in accordance with the relevant PRC income tax laws. Effective from January 1, 2008, the PRC’s statutory, Enterprise
Income Tax (“ EIT”) rate is25%.

Beijing Jingyuan, Shanghai Jingnan, Zhejiang Jingxiu
and CSS Shanghai are qualified as small and micro-sized enterprises (“ SMEs”) in the year ended December 31, 2024. In accordance
with the implementation rules of EIT Law, SMEs are entitled to a reduced EIT rate of20%,87.5% reduction of taxable income for the first
RMB1,000,000taxable income and75% reduction of taxable income between RMB1,000,000and RMB3,000,000, and no reduction for the remaining
taxable income for the year ended December 31, 2022. SMEs are entitled to a reduced EIT rate of20%,75% reduction of taxable income
for the first RMB3,000,000taxable income, and no reduction for the remaining taxable income for the year ended December 31, 2024
and 2023.

F-24

ABLE VIEW GLOBAL INC.

8. INCOME TAXES(cont.)

The components of the income (loss) before income
taxes are as follows:

                                         For the Years Ended December 31,                                                                        
                                         2024                                                   2023                      2022                   
  PRC subsidiaries                       $                                     ( 1,553,764      $          ( 142,834      $         ( 3,139,016  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Singapore subsidiary                                                             507,046                 ( 175,753                          —  
  Hong Kong and Cayman subsidiaries                                            ( 8,545,521                12,009,485                 12,511,852  
                                         $                                     ( 9,592,239      $         11,