Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 53

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 53
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 United States and is subject to U.S. federal corporate income tax at a rate of 21%. CIMG Inc.
and Wewin had no taxable income for the periods presented; therefore, no provision for income taxes is required.

Hong
Kong

DZR
Tech are incorporated in Hong Kong. Under the two-tiered profits tax rates regime in Hong Kong, the first HK$2 million of profits of
the qualifying group entity will be taxed at 8.25%, and profits above HK$2 million will be taxed at 16.5%. DZR Tech had no taxable income
for the periods presented; therefore, no provision for income taxes is required.

People’s
Republic of China

Zhongyan
and Beijing Xilin are incorporated in P.R. China.
Under Enterprise Income Tax Law, the statutory income tax rate is 25%. Zhongyan and Beijing
Xilin  had no taxable income for the periods presented; therefore, no provision for income taxes is required.

SCHEDULE
OF INCOME TAX EXPENSE BENEFIT 

    Nine Months Ended
                                                                               June 30, 2025  
    Nine Months Ended
                                                                               June 30, 2024 
  
    Current income tax expense 
     -  
     - 
  
    Deferred income tax expense 
     -  
     - 
  
    Total income tax expense 
     -  
     - 

    Loss before income tax 
    $(2,990,046) 
     (5,242,739)
  
    Tax benefit at statutory U.S. federal rate (21%) 
     (627,910) 
     (1,100,975)
  
    Non-deductible expenses 
     (4,244) 
     - 
  
    Foreign rate differential 
     (72,170) 
     68,916 
  
    Change in valuation allowance 
     704,324  
     1,032,059 
  
    Income tax expense 
    $-  
     - 

For
the nine months ended June 30, 2025 and 2024, the Company incurred losses and generated net operating loss (“NOL”) carry
forwards. However, due to uncertainty surrounding the Company’s ability to realize these deferred tax assets, a full valuation
allowance was recorded, resulting in no income tax benefit being recognized in the periods presented.

Related
parties

A