Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 138

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 138
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 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Tax expense attributable to income (loss) is made up of:                                                                                                                                   
  Current income tax                                                                                       118,681                       23,086        ( 368,542                  ( 269,757  
  Loss before tax                                                                                          ( 668,831                ( 7,547,787      ( 4,301,507                ( 3,148,519  
  Tax calculated at tax rate @17%                                                                          ( 113,701                ( 1,283,124        ( 731,257                  ( 535,248  
  Effects of:                                                                                                                                                                                
  - Effect of tax rates in foreign jurisdiction                                                            -                            930,664          141,421                    103,514  
  - Tax effect on expense not deductible for tax purposes                                                  197,279                      129,502          149,973                    109,775  
  - Income not subject to tax                                                                              -                                  -         ( 12,096                    ( 8,854  
  - Singapore statutory stepped income exemption                                                           ( 17,425                           -                -                          -  
  - Utilization of capital allowance                                                                       ( 68                         ( 1,041                -                          -  
  - Recognition of tax effect of previously unrecognized tax losses                                        -                           ( 15,809                -                          -  
  - Deferred tax assets on temporary differences not recognized                                            250,371                      239,808          461,877                    338,073  
  - Under provision of current taxation in respect of prior year                                           ( 197,775                     23,086        ( 368,542                  ( 269,757  
  - Others                                                                                                 -                                  -          ( 9,918                    ( 7,260  
  Tax charge                                                                                               118,681                       23,086        ( 368,542                  ( 269,757  

As
of December 31, 2023 and 2024, the Company has tax loss carry forwards of approximately S$ 1,869,036 4,833,862

SIMPPLE
LTD. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

16Other income

Schedule of other income

                             2022                                           2023                                 2024               
                             For years ended December 31,