Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 15

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 and 2024 was $6,718, $6,713, $19,978 and $20,057, respectively.

     13 

    5.
    INCOME TAXES

(a)  Enterprise Income Tax (“EIT”)

Tancheng Group Co., Ltd. was incorporated in the State
of Nevada. Tancheng Group Co., Ltd. is an U.S. entity and is subject to the United States federal income tax. No provision for income
taxes in the United States has been made as Tancheng Group Co., Ltd. had no United States taxable income for the three and nine months
ended September 30, 2025 and 2024.

Qiansui International was incorporated in the Cayman
Islands. Under the current tax laws of Cayman Islands, Qiansui International is not subject to taxation.

Qiansui HK was incorporated in Hong Kong and is subject
to an income tax rate of 16.5% for taxable income generated from operations in Hong Kong.

Qiansui Consulting and Qiansui Media were incorporated
in the PRC and they are subject to profits tax rate at 25% for income generated and operation in the country.

The Company operates its business through a subsidiary
incorporated in the PRC which is subject to a corporate income tax rate of 25%. A reconciliation of the effective tax rates from 25%
statutory tax rates for the three and nine months ended September 30, 2025 and 2024 is as follows:

    Schedule of reconciliation of tax expense 

    For the three months ended  September 30, 

    2025  
    2024 
  
    Loss before tax 
    $(71,696) 
    $(53,941)
  
    PRC statutory income tax rate 
     25%  
     25% 
  
    Provision for income taxes 
     (17,924) 
     (13,485)
  
    Non-deductible expenses 
     6,107  
     6,109 
  
    Change in valuation allowance 
     11,810  
     7,372 
  
    Tax effect on tax losses expired 
     7  
     4 
  
    Income tax expense 
    $–  
    $– 

    For the nine months ended  September 30, 

    2025  
    2024 
  
    Loss before