Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 23

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 23
---
are considered PRC resident enterprises under PRC tax law, are subject to enterprise income tax (“EIT”) on their worldwide
taxable income as determined under PRC tax laws and accounting standards at a rate of %. EIT grants preferential tax treatment to High
and New Technology Enterprises (“HNTEs”) at a rate of %, subject to a requirement that they re-apply for HNTE status every
three years. The Group’s subsidiaries, Shengda Automobile and Shanghai Chengle Network Technology Co., Ltd. were approved as a HNTE
and is entitled to a reduced income tax rate of % beginning November 2018 and renewing the HNTE in December 2021. The certificate is
valid for three years.

According to Taxation [2019] No. 13 which was
effective from January 1, 2019 to December 31, 2021 and Taxation [2021] No. 12 which was effective from January 1, 2021 to December 31,
2022, an enterprise is recognized as a small-scale and low-profit enterprise when its taxable income is less than RMB million. According
to Taxation [2022] No.13 which was effective from January 1, 2022 to December 31, 2024, a small-scale and low-profit enterprise receives
a tax preference including a preferential tax rate of % on its taxable income between RMB million and RMB million. According to Taxation
[2023] No. 06 which was effective from January 1, 2023 to December 31, 2024, a small-scale and low-profit enterprise receives a tax preference
including a preferential tax rate of % on its taxable income below RMB million.

|                             |     | For the nine months ended 
 September 30,             |  2023 |   |     |   |  2024 |   |
|:----------------------------|:----|:--------------------------|------:|:--|:----|:--|------:|:--|
| Current income tax expense  |     | $                         | 1,976 |   |     | $ | 1,663 |   |
| Deferred income tax benefit |     |                           |  (991 | ) |     |   |  (732 | ) |
| Total income tax expense    |     | $                         |   985 |   |     | $ |   931 |