Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 215

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 215
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 correct
taxpayer identification number and makes any other required certification on U. S. Internal Revenue Service Form W-9 or who is otherwise
exempt from backup withholding. U. S. Holders who are required to establish their exempt status generally must provide such certification
on U. S. Internal Revenue Service Form W-9. U. S. Holders are urged to consult their tax advisors regarding the application of the U. S.
information reporting and backup withholding rules.

Backup
withholding is not an additional tax. Amounts withheld as backup withholding may be credited against your U. S. federal income tax liability,
and you may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate claim for refund
with the U. S. Internal Revenue Service and furnishing any required information. We do not intend to withhold taxes for individual shareholders.
Transactions effected through certain brokers or other intermediaries, however, may be subject to withholding taxes (including backup
withholding), and such brokers or intermediaries may be required by law to withhold such taxes.

Under
the Hiring Incentives to Restore Employment Act of 2010, certain U. S. Holders are required to report information relating to our Ordinary
Shares, subject to certain exceptions (including an exception for Ordinary Shares held in accounts maintained by certain financial institutions),
by attaching a complete Internal Revenue Service Form 8938, Statement of Specified Foreign Financial Assets, with their tax return for
each year in which they hold Ordinary Shares. Failure to report such information could result in substantial penalties. You should
consult your own tax advisor regarding your obligation to file a Form 8938.

Taxation
in Macau

Macau
practices an independent taxation system and, taking the low tax policy previously pursued in Macau as reference, enacts on its own laws
and regulations concerning types of taxes, tax rates, tax reductions and exemptions, allowances and expenditures, and other matters of
taxation (acc. Article 106 of the Basic Law of Macau). When applying tax laws and regulations, Macau authorities are subject to the principle
of fiscal territoriality and unless double taxation treaties exist, whether or not certain income has been or will be taxed elsewhere
is not relevant for Macau tax authorities, i. e

There
are currently no Double Taxation treaties or equivalent agreements with Hong Kong in force in Macau that are or could potentially be
applicable to the Group’s activity. Hence, in relation to income generated