Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 211

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 211
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 in BVI is not subject to tax on its income or capital gains. In addition, upon any payment of dividends by the Company, no British Virgin Islands withholding tax is imposed. Hong Kong The Company’s subsidiaries established in Hong Kong are subject to Hong Kong profits tax at a rate of 16.5% on their taxable income generated from operations in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25% for assessable profits on the first HK$ 2million and 16.5% for any assessable profits in excess of HK$ 2million. F - 28 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 14. income tax(cont.)

Composition of income tax expenses

The following table sets forth
current and deferred portion of income tax expenses:

|                                        |     | For the year ended 
 March 31,          |    2022 |   |     |     |      2023 |   |     |     |    2024 |   |
|:---------------------------------------|:----|:-------------------|--------:|:--|:----|:----|----------:|:--|:----|:----|--------:|:--|
|                                        |     | USD                |         |   |     | USD |           |   |     | USD |         |   |
| Current income tax expenses            |     |                    | 908,315 |   |     |     | 1,111,813 |   |     |     | 139,269 |   |
| Deferred income tax expense (recovery) |     |                    | (31,919 | ) |     |     |   (14,087 | ) |     |     | (12,428 | ) |
| Income tax expense                     |     |                    | 876,396 |   |     |     | 1,097,726 |   |     |     | 126,841 |   |

Reconciliation between the
income tax expenses computed by applying the Hong Kong enterprise tax rate to income before income taxes and actual provision were
as follows:

|                                                           |     | For the year ended 
 March 31,          |      202