Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 106

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 106
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 the next12 monthsfrom December 31, 2024. The PRC tax authorities may impose late
payment fees and other penalties for the unpaid taxes according to the applicable regulations. Our financial position could be materially
and adversely affected if it is required by the PRC tax authorities to pay late payment fees and other penalties.

F-25

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 23 - INCOME TAXES(cont.)

Per the consolidated statements
of income and comprehensive income, the income tax expenses for the Company can be reconciled to the income before income taxes for the
fiscal years ended June 30, 2025, 2024 and 2023 as follows:

                                             2025                     2024                     2023                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Income before taxes                        $         1,308,714      $           841,301      $         ( 241,286  
  PRC EIT tax rates                                           15                       15                15         
  Tax at the PRC EIT tax rates               $           196,322                  138,499                —          
  Tax effect of non-deductible expenses                    4,059                  ( 2,762                31,813     
  Tax effect of R& D expense deduction                 ( 200,381                ( 135,737                —          
  Income tax (refund) expenses               $                 —      $                 —      $         31,813     

Income taxes for the fiscal years
ended June 30, 2025 and 2024 are attributed to the Company’s continuing operations in China and consisted of:

                                         2025      2024         2023  
  Current income tax                     $         $         $36,260  
  Deferred income tax                                        ( 4,447  
 ──────────────────────────────────────────────────────────────────────
  Total income tax (refund) expense      $         $         $31,813  

The tax effects of temporary
differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of June 30, 2025 and
2024 are presented below:

                                           As of June 30,                                                             
                                           2025                             2024                   2023               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Deferred tax assets: