Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 178

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 178
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 and workers with the National Social Security Fund (the “ NSSF”) for the Occupational
Risk Scheme (for work-related accidents and occupational diseases), the Health Care Scheme and the Pension Scheme.

Once registered, the business
must pay to the NSSF:

  A monthly contribution equivalent to 0.8% of each worker’s monthly average wages (between $ 0.40 and $ 2.40 per month per worker) for the Occupational Risk Scheme.  

  A monthly contribution equivalent to 2.6% of a worker’s monthly average wages (between $ 1.30 and $ 7.80 per month per worker) for the Health Care Scheme.  

  A monthly contribution to the compulsory Pension Scheme, which is jointly paid by the employer and the employee at the same rate of 2% (total of 4%) of the contributable wage for the first five...  

F-24

Kyrgyzstan

The Company has a defined
contribution pension scheme for its qualifying employees. The scheme assets are held under a provident fund managed by an independent
fund manager. The Company and its employees are each required to make contributions to the scheme calculated at15% and8%, respectively
of the employees’ basic salaries on monthly basis.

NOTE 14 - PROVISION FOR INCOME TAXES

Cayman Islands

NewGenIvf Limited was incorporated
in the Cayman Islands and is not subject to tax on income or capital gains under current Cayman Islands law. In addition, upon payment
of dividends by these entities to the shareholders, no Cayman Islands withholding tax will be imposed.

HK SAR

Under the two-tiered profits
tax rates regime, Hong Kong tax residents are subject to Hong Kong Profits Tax in respect of profits arising in or derived from
Hong Kong at 8.25% for the first HK$2 million of profits of the qualifying group entity, and profits above HK$2 million
will be taxed at 16.5%. The profits of group entities not qualifying for the two-tiered profits tax rates regime will continue to
be taxed at a flat rate of 16.5%.

Accordingly, the HK SAR profits
tax is calculated at8.25% on the first HK$2million of the estimated assessable profits and at16.5% on the remaining estimated
assessable profits.

Thailand

The companies incorporated
in Thailand are taxed on worldwide income. A company incorporated abroad is taxed on its profits arising from or in consequence of