Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 286

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 286
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 exceeding BRL 240,000 annually, resulting in an effective corporate income tax
rate of up to 25%.

United Kingdom

The Company’s subsidiary
incorporated in the United Kingdom is subject to UK Corporation Tax on taxable profits in accordance with UK tax legislation. The applicable
statutory corporate income tax rate was 25% for the fiscal year ended March 31, 2025.

People’s Republic of China (“PRC”)

The Company’s subsidiaries
incorporated in the PRC are subject to PRC Enterprise Income Tax at a unified tax rate of 25% on their taxable income, as determined
in accordance with relevant PRC tax laws and regulations. Preferential tax rates or exemptions may be available to certain qualified
entities, subject to approval by local tax authorities.

Dubai (United Arab Emirates)

The Company’s subsidiary
incorporated in Dubai is governed by the corporate tax regime established under UAE Federal Decree-Law No. 47 of 2022 on the Taxation
of Corporations and Businesses. Effective from June 1, 2023, the UAE implemented a corporate tax regime at a standard rate of 9% on taxable
income exceeding AED 375,000. Income up to this threshold is exempt from corporate tax.

United States

The Company’s subsidiary
incorporated in the United States is subject to U.S. federal corporate income tax at a statutory rate of 21% on its taxable income, in
accordance with the Internal Revenue Code. Additionally, the subsidiary may also be subject to state and local income taxes, which vary
by jurisdiction.

Income tax (benefit) expense
for the years ended March 31, 2025, 2024, and 2023 amounted to $1,128,672, $53,291 and $620,142, respectively.

<div align='center'>F-48

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Significant components of the provision for income
taxes are as follows:

|                            |     | For the years ended March 31, |      2025 |   |     |   |     2024 |   |     |   |     2023 |   |
|:---------------------------|:----|:------------------------------|----------:|:--|:----|:--|---------:|:--|:----|:--|---------: