Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 241

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 241
---
 less allowed deductions.

Significant components of
the provisions for income taxes for the six months ended September 30, 2024, and 2023 were as follows:

|                                   |     | September 30, 
 2024          |   |     | 2023 |        |
|:----------------------------------|:----|:--------------|:--|:----|:-----|-------:|
| Current tax provision Kyrgyzstan  |     | $             | — |     | $    | 83,742 |
| Current tax provision Cambodia    |     |               | — |     |      |      — |
| Late penalty provision Kyrgyzstan |     |               | — |     |      |      — |
| Total provision for income taxes  |     | $             | — |     | $    | 83,742 |

F-59 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(Stated in US Dollars) NOTE 12 — PROVISION FOR INCOME TAXES (cont.)

|                                                  |     | September 30, 
 2024          |          |   |     | 2023 |          |   |
|:-------------------------------------------------|:----|:--------------|---------:|:--|:----|:-----|---------:|:--|
| Income/(loss) before taxes                       |     | $             | (418,123 | ) |     | $    | (187,166 | ) |
| Tax expenses/(credit) at the effective tax rates |     |               | (170,443 | ) |     |      | (116,672 | ) |
| Tax effect on non-taxable income                 |     |               |     (761 | ) |     |      |        — |   |
| Tax effect on non-deductible expenses            |     |               |  119,130 |   |     |      |  204,226 |   |
| Tax effect on utilization of tax losses          |     |               |   52,074 |   |     |      |   (3,812 | ) |
| Income taxes                                     |     | $             |        — |   |     | $    |   83,742 |   |

Deferred tax asset, net

Significant components of deferred tax assets,
net were as follows:

|