Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 159

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 159
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 for unincorporated businesses.

In
addition, Hong Kong does not impose withholding tax on gains derived from the sale of stock in Hong Kong companies and does not impose
withholding tax on dividends paid outside of Hong Kong by Hong Kong companies. Accordingly, investors will not be subject to Hong Kong
withholding tax with respect to a disposition of their Ordinary Shares or with respect to the receipt of dividends on their Ordinary
Shares, if any. No income tax treaty relevant to the acquiring, withholding or dealing in the Ordinary Shares exists between Hong Kong
and the United States.

Vietnam Taxation

Vietnam currently levies
taxes on individuals or corporations based upon income generated from investment in securities. U. S. Holders may be subject to Vietnamese
personal income tax or corporate if satisfying relevant conditions under the laws of Vietnam.

As for personal income tax,
personal income taxpayers include, among others, resident individuals with taxable income arising outside the territory of Vietnam. Residents
are those individuals satisfying one of the following criteria: (i) being present in Vietnam for a period of 183 days or more within one
calendar year or within 12 consecutive months from the date of entry into Vietnam; or (ii) having a regular resident location in Vietnam
being a residential location for which permanent residence has been registered or a property rented pursuant to a lease for a term for
residential purpose.

As for corporate income tax,
(i) an enterprise established pursuant to the laws of Vietnam must pay tax on taxable income arising outside Vietnam, and (ii) a foreign
enterprise with a resident establishment in Vietnam must pay tax on taxable income arising outside Vietnam and relating to the operation
of such resident establishment. Resident establishment of a foreign enterprise means a production and/or business establishment via which
a foreign enterprise conducts part or all of its production and/or business activities in Vietnam such as branches, operational offices
and other forms as provided under the laws of Vietnam. The standard corporate income rate for all enterprises in Vietnam, both local and
foreign is 20%.

Material
U. S. Federal Income Tax Considerations for U. S. Holders

The
following discussion describes the material U. S. federal income tax consequences relating to the ownership and disposition of our
Ordinary Shares by U. S. Holders (as defined below). This discussion applies to U. S. Holders that purchased our Ordinary Shares
pursuant to our IPO and hold such Ordinary Shares as capital assets. This discussion is based on the U. S