Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 161

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 161
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dividends
received” deduction generally allowed to corporate shareholders with respect to dividends received from U. S. corporations. Dividends
paid by a “qualified foreign corporation” to certain non-corporate U. S. Holders may be eligible for taxation at a reduced
capital gains rate rather than the marginal tax rates generally applicable to ordinary income, provided that a holding period requirement
(more than 60 days of ownership, without protection from the risk of loss, during the 121-day period beginning 60 days before the ex-dividend
date) and certain other requirements are met. Each U. S. Holder is advised to consult its tax advisors regarding the availability of the
reduced tax rate on dividends to its particular circumstances. However, if we are a PFIC for the taxable year in which the dividend is
paid or the preceding taxable year (see discussion above under “ PFIC Consequences”), we will not be treated as a qualified
foreign corporation, and therefore, the reduced capital gains tax rate described above will not apply.

Dividends will be
included in a U. S. Holder’s income on the date of the depositary’s receipt of the dividend. The amount of any dividend income
paid in Cayman Islands dollars will be the U. S. dollar amount calculated by reference to the exchange rate in effect on the date of receipt,
regardless of whether the payment is in fact converted into U. S. dollars. If the dividend is converted into U. S. dollars on the date
of receipt, a U. S. Holder should not be required to recognize foreign currency gain or loss in respect to the dividend income. A U. S.
Holder may have foreign currency gain or loss if the dividend is converted into U. S. dollars after the date of receipt.

A non-U. S. corporation
(other than a corporation that is classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year)
generally will be considered to be a qualified foreign corporation with respect to any dividend it pays on Ordinary Shares that are readily
tradable on an established securities market in the United States.

Sale, Exchange or Other Disposition
of Our Ordinary Shares

Subject to the discussion
above under “ PFIC Consequences,” a U. S. Holder generally will recognize capital gain or loss for U. S. federal income tax
purposes upon the sale, exchange, or other disposition of our Ordinary Shares in an amount equal to the difference, if