Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 19

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 19
---
 currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

| 14 |

The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50%likelihood of being realized upon ultimate settlement with the relevant tax authority. Noliability for unrecognized tax benefits was recorded as of June 30,2025 and September 30, 2024.

United States

CIMG Inc. and Wewin are incorporated in the United States and is subject to U.S. federal corporate income tax at a rate of 21%. CIMG Inc. and Wewin had no taxable income for the periods presented; therefore, no provision for income taxes is required.

Hong Kong

DZR Tech are incorporated in Hong Kong. Under the two-tiered profits tax rates regime in Hong Kong, the first HK$2 million of profits of the qualifying group entity will be taxed at 8.25%, and profits above HK$2 million will be taxed at 16.5%. DZR Tech had no taxable income for the periods presented; therefore, no provision for income taxes is required.

People’s Republic of China

Zhongyan and Beijing Xilin areincorporated in P.R. China. Under Enterprise Income Tax Law, the statutory income tax rate is 25%. Zhongyan and Beijing Xilinhad no taxable income for the periods presented; therefore, no provision for income taxes is required.

SCHEDULE OF INCOME TAX EXPENSE BENEFIT

|                                                  |     | Nine Months Ended 
 June 30, 2025     |            |   |     | Nine Months Ended 
 June 30, 2024     |            |   |
|:-------------------------------------------------|:----|:------------------|-----------:|:--|:----|:------------------|-----------:|:--|
| Current income tax expense                       |     |                   |          - |   |     |                   |          - |   |
| Deferred income tax expense                      |     |                   |          - |   |     |                   |          - |   |
| Total income tax expense