Company: GINT
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001213900-25-065552
Chunk: 217

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 217
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 | 1,041,963 |     | $    | 1,096,277 |     | $    | 140,911 |

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company operates in Hong Kong that are subject to taxes in the jurisdictions in which it operates, as follows: British Virgin Islands GIHL and GGBB are incorporated in the British Virgin Islands and is not subject to taxation. In addition, upon payments of dividends by these entities to their shareholder, no British Virgin Islands withholding tax will be imposed. Macau MGGB is operating in Macau and is subject to Macau Enterprise Income Tax Law (the “Macau EIT Law”). Under the Macau EIT Law, no income tax is levied when the net income is less than MOP600,000. Income tax is calculated at the rate of 12% for the excess, when the income exceeds MOP600,000 (US$74,419). MGGB did not generate operating income for the year ended March31, 2024 and 2025, hence no income tax expense is provided. Hong Kong BLOC is operating in Hong Kong and is subject to the Hong Kong profits tax at the two -tieredincome tax rates at the rate of 8.25% on the estimated assessable income up to HK$2,000,000 (US$257,073) and 16.5% on any part of assessable income over HK$2,000,000 arising in Hong Kong during its tax year. The reconciliation of income tax rate to the effective income tax rate based on income before income tax expense for the years ended March 31, 2024 and 2025 are as follows:

|                                       |     | Years ended March 31, 
 2024                  
 HKD                   |           |   |     | 2025 
 HKD  |           |   |     | 2025 
 USD  |         |   |
|:--------------------------------------|:----|:----------------------|----------:|:--|:----|:-----|----------:|:--|:----|:-----|--------:|:--|
| Income before income taxes            |     | $                     | 7,343,536 |   |     | $    | 7,514,316 |   |     | $    | 965,862 |   |