Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 641

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 641
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 allowance                        | ​ | ​ | ​                                    | ​ | -70,884 | ​ | ​ | ​ | ​ | ​ | -7.63% | ​ | ​ | ​ | ​                                    | ​ | -45,678 | ​ | ​ | ​ | ​ | ​ | -5.43% | ​ | ​ |
| Permanent differences / discrete items               | ​ | ​ | ​                                    | ​ |       — | ​ | ​ | ​ | ​ | ​ | 0.00%  | ​ | ​ | ​ | ​                                    | ​ |       — | ​ | ​ | ​ | ​ | ​ | 0.00%  | ​ | ​ |
| Effective tax rate                                   | ​ | ​ | ​                                    | ​ | 123,028 | ​ | ​ | ​ | ​ | ​ | 13.24% | ​ | ​ | ​ | ​                                    | ​ | 138,599 | ​ | ​ | ​ | ​ | ​ | 16.49% | ​ | ​ |

The annual offset of the Company’s carryforward tax losses against any future taxable profits may be limited under the provisions of Internal Revenue Code Section 382 upon any change(s) in control of the Company. The Company has not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements for the six months ended June 30, 2025 and the year ended December 31, 2024, as defined under ASC 740, “Income Taxes.” The Company did not accrue liability for uncertain tax positions. The Company’s tax returns are subject to examination by tax authorities beginning with the year ending December 31, 2021.

F-80

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 12 — INCOME TAXES (continued) For the three months ended March 31, 2025, the Company paid income taxes of $57,686, all of which related to foreign jurisdictions. For the six months ended June 30, 2025, total income taxes paid amounted to $118,641, also entirely attributable to foreign jurisdictions. No income tax payments were made during the comparable three- and six-month periods ended June 30, 2024. The payments primarily consisted of Australian income taxes paid by subsidiary TE and Hong Kong income taxes paid by subsidiary MI. NOTE 13 — COMMITMENTS AND CONT