Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 106

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 10
Chunk 106
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New
companies will also, subject to certain conditions and exceptions, be eligible for tax exemption on three-quarters of up to the first
S$100,000 of a company’s annual normal chargeable income, and one-half of up to the next S$100,000, a year for each of the company’s
first three consecutive years of assessment, or YA from YA 2020 onwards. The remaining chargeable income (after the tax exemption) will
be taxed at the applicable corporate tax rate.

Material
United States Federal Income Tax Considerations

The
following is a discussion of certain material United States federal income tax considerations relating to the acquisition, ownership,
and disposition of our Ordinary Shares by a U. S. Holder, as defined below, that acquires our Ordinary Shares in the IPO and holds our
Ordinary Shares as “capital assets” (generally, property held for investment) under the United States Internal Revenue Code
of 1986, as amended, or the Code. This discussion is based on existing United States federal income tax law, which is subject to differing
interpretations or change, possibly with retroactive effect. No ruling has been sought from the Internal Revenue Service, or the IRS,
with respect to any United States federal income tax consequences described below, and there can be no assurance that the IRS or a court
will not take a contrary position. This discussion does not address all aspects of United States federal income taxation that may be
important to particular investors in light of their individual circumstances, including investors subject to special tax rules (such
as, for example, certain financial institutions, insurance companies, regulated investment companies, real estate investment trusts,
broker-dealers, traders in securities that elect mark-to-market treatment, partnerships (or other entities treated as partnerships for
United States federal income tax purposes) and their partners, tax-exempt organizations (including private foundations)), investors who
are not U. S. Holders, investors that own (directly, indirectly, or constructively) 5% or more of our voting shares, investors that hold
their Ordinary Shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction), or investors that
have a functional currency other than the U. S. dollar, all of whom may be subject to tax rules that differ significantly from those summarized
below. In addition, this discussion does not address any tax laws other than the United States federal income tax laws, including any
state, local, alternative minimum tax or non