Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 219

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 219
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 of shares in a BVI company
who is not a resident of the BVI is not required to pay tax in the BVI on (i) dividends paid with respect to the shares, or (ii) any
gains realized during that year on sale or disposal of such shares, provided the BVI company does not have a direct or indirect interest
in any land in the BVI. The laws of the BVI does not impose a withholding tax on dividends paid by a company incorporated or re-registered
under the BVI Companies Act.

There are no capital gains, gift or
inheritance taxes levied by the BVI government on companies incorporated or re-registered under the BVI Companies Act. In addition, shares
of companies incorporated or re-registered under the BVI Companies Act are not subject to transfer taxes, stamp duties or similar charges,
provided the company does not have a direct or indirect interest in any land in the BVI.

Taiwan

MKD Taiwan, a subsidiary incorporated in Taiwan, is subject to a t ax rate of 20% for entities under R.O.C. Income Tax Law.

Samoa

MKD Samoa was incorporated in Samoa and, under the current laws of Samoa, is not subject to tax on its income or capital gains. Additionally, dividend payments are not subject to withholdings tax in Samoa.

Mainland China

Under the Law of the People’s Republic of China on Enterprise Income Tax (“New EIT Law”), which was effective from January 1, 2008, both domestically-owned enterprises and foreign-invested enterprises are subject to a uniform tax rate of 25% while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis.

EIT grants preferential tax treatment to High and New Technology Enterprises (“HNTEs”) at a rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. The Company’s subsidiary, MKD Jiaxing, was approved as HNTE and is entitled to a reduced income tax rate of 15% from 2021 to 2023. The Company’s subsidiary, MKD Shanghai have applicable EIT rate of 25%.

The income tax expense consisted of the following components:

SCHEDULE OF INCOME TAX EXPENSE

|                             |     | 2022                             
 For the years ended December 31, 
 2022                             |   |     | 2023 
 2023 |   |
|:----------------------------|