Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 882

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1C
Chunk 882
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142  
     2,087,000 
  
    Total Income before income taxes 
    $714,528  
    $1,886,485 

The
difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows:

    For the year ended 

    June 30,  
    June 30, 

    2025  
    2024 
  
    Income tax (benefit) at USA statutory rate 
     21% 
     21%
  
    U.S. valuation allowance 
     (21)% 
     (21)%
  
    Income tax (benefit) at USA effective rate 
     0% 
     0%

The
difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows:

    For the year ended June 30, 

    2025  
    2024 
  
    Income tax (benefit) at PRC statutory rate 
     25% 
     25%
  
    Utilization of net operating loss carry forward 
     -  
     (1)%
  
    Tax preference 
     (10.2)% 
     - 
  
    PRC valuation allowance 
     3% 
     1%
  
    Income tax (benefit) at PRC effective rate 
     17.8% 
     25%

The Company did not recognize deferred tax assets
since it is not more likely than not that it will realize such deferred taxes. The deferred tax would apply to Longduoduo in the U.S.
and Julong and subsidiaries in China.

As of June 30, 2025, Julong and its subsidiaries had total net operating
loss carry forwards of approximately $414,846 in the PRC that expire through 2030. Due to the uncertainty of utilizing these carry
forwards, the Company provided a 100% allowance on all deferred tax assets of approximately $103,712 and $9,696 related to
its operations in the PRC as of June 30, 2025 and 2024, respectively. The PRC valuation allowance has increased by $ 94,016 and
decreased by $77,798 for the years ended June 30, 2025 and 2024, respectively.

The
Company incurred losses from its United States operations during the year ended June