Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 211

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 211
---
 Inventory impairment provision                                                  —        116,115        186,823  
  Impairment loss for marketable debt securities                             60,754         42,291              —  
  Miscellaneous expenses                                                     55,680         51,883        181,271  
                                                                          1,635,222      4,348,458      5,540,564  

F-28

J-LONG GROUP LIMITED

14.
income tax

The Company and its subsidiaries
file separate income tax returns.

In general, all of the tax
returns of the Company’s HK entities remain subject to examination by the tax authorities for up to six years from the date
of filing. The Company may also be subject to the examinations of the tax filings in other jurisdictions, which are not material to the
consolidated financial statements.

Cayman Islands

Under the current laws of
the Cayman Islands, the Company and its subsidiaries in Cayman Islands are not subject to tax on its income or capital gains. In addition,
upon any payment of dividends by the Company, no Cayman Islands withholding tax is imposed.

British Virgin Islands

Under the current laws of
the British Virgin Islands(“ BVI”), the Company’s subsidiary in BVI is not subject to tax on its income or capital gains.
In addition, upon any payment of dividends by the Company, no British Virgin Islands withholding tax is imposed.

Hong Kong

The Company’s subsidiaries
established in Hong Kong are subject to Hong Kong profits tax at a rate of16.5% on their taxable income generated from
operations in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered
profits tax regime took effect, under which the tax rate is8.25% for assessable profits on the first HK$2million and16.5%
for any assessable profits in excess of HK$2million.

Vietnam

Under the current tax laws
in Vietnam, the Company’s subsidiary in Vietnam is subject to a corporate income tax rate of20%. Additionally, the subsidiary
in Vietnam is currently enjoying a preferential tax treatment of “two years of tax exemption followed by two years of50% tax reduction”
for its taxable income.

F-29

J-LONG GROUP LIMITED

14.
income tax(cont.)

Composition of income tax expenses

The following table sets
forth current and deferred portion of income tax expenses:

                                              For the year ended