Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 285

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 285
---
ayman Islands

GCL Global is incorporated
in Cayman Islands and is not subject to tax on income or capital gains under current Cayman Island law. Additionally, upon payments of
dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands

GCL BVI is incorporated
in British Virgin Islands and are not subject to tax on income or capital gains under current British Virgin Island law. Additionally,
upon payments of dividends to the shareholders, no British Island withholding tax will be imposed.

Singapore

The
Company’s subsidiaries incorporated in Singapore, are subject to Singapore Profits
Tax on the taxable income as reported in its statutory financial statements adjusted in accordance
with relevant Singapore tax laws. The applicable corporate income tax rate is 17% in Singapore,
with 75% of the first $7,474 (SGD 10,000) taxable income and 50% of the next $142,001 (SGD
190,000) taxable income are exempted from income tax.

<div align='center'>F-47

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Hong Kong

The Company’s subsidiaries
incorporated in Hong Kong, are subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements
adjusted in accordance with relevant Hong Kong tax laws. Under the two-tiered profits tax rates regime, the first 2,000,000 Hong Kong
Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD2,000,000 will be taxed
at 16.5%.

Malaysia

The Company’s subsidiary
incorporated in Malaysia is governed by the income tax laws of Malaysia and the income tax provision in respect of operations in Malaysia
is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices
in respect thereof. Under the Income Tax Act of Malaysia, enterprises that incorporated in Malaysia are usually subject to a unified
24% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis.

Brazil

The Company’s subsidiary
incorporated in Brazil is subject to Brazilian Corporate Income Tax (“IRPJ”). The IRPJ levied at a base rate of 15%, with
an additional surtax of 10% applied to taxable income