Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 154

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 154
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 assurance that the New Zealand taxation authorities will
ultimately take a view that is consistent with us.

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  Table of Contents  

Provided that the
Company is not tax resident in New Zealand for New Zealand income tax purposes:

● it will be
subject to New Zealand income tax on income it derives or is deemed to derive which has a New Zealand source (such as income derived
from or attributable to a permanent establishment that Globavend HK has or is deemed to have in New Zealand, and dividends it receives
from a New Zealand tax resident company);

● holders of
our Ordinary Shares who are not New Zealand tax residents should not be subject to New Zealand income tax on distributions by Globavend
HK or gains realized from the sale or other disposition of our Ordinary Shares; and

● holders of
our Ordinary Shares who are New Zealand tax residents will be subject to New Zealand income tax on income which they derive or are deemed
to derive from the holding and disposition of our Ordinary Shares at the rate applicable to that holder (currently of up to 33%). It
is possible that the rate of New Zealand income tax in such situations may be reduced or eliminated by the operation of an applicable
double tax agreement between New Zealand and another jurisdiction in which the holder is tax resident. It is also possible that the amount
of tax payable in New Zealand may be reduced or offset by a tax credit available for non-New Zealand taxes paid by or on behalf of the
holder.

Material U. S. Federal Income Tax Considerations
for U. S. Holders

The following discussion
describes the material U. S. federal income tax consequences relating to the ownership and disposition of our Ordinary Shares by U. S.
Holders (as defined below). This discussion applies to U. S. Holders that purchase our Ordinary Shares and hold such Ordinary Shares as
capital assets. This discussion is based on the U. S. Internal Revenue Code of 1986, as amended, U. S. Treasury regulations promulgated
thereunder, and administrative and judicial interpretations thereof, all as in effect on the date hereof and all of which are subject
to change, possibly with retroactive effect. This discussion does not address all of the U. S. federal income tax consequences that may
be relevant to specific U. S. Holders in light of their particular circumstances or to U. S. Holders subject to special treatment under
U. S. federal income tax law (such as certain financial