Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 47

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 47
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 laws or regulations or the imposition of new laws and regulations
in Southeast Asia or elsewhere regarding our business segments may slow the growth of our business segments and adversely affect its business,
financial condition, results of operations and prospects.

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We could face uncertain tax liabilities in various jurisdictions where we operate, and suffer adverse financial consequences as a result.

Our management believes we
are in compliance with all applicable tax laws in the various jurisdictions where we are subject to tax, but its tax liabilities could
be uncertain, and we could suffer adverse tax and other financial consequences if tax authorities do not agree with our interpretation
of the applicable tax laws.

Although PubCo is incorporated
in the Cayman Islands, the GCL Group collectively operates in multiple tax jurisdictions and pays income taxes according to the tax laws
of these jurisdictions. Various factors, some of which are beyond our control, determine its effective tax rate and/or the amount we are
required to pay, including changes in or interpretations of tax laws in any given jurisdiction and changes in geographical allocation
of income. We accrue income tax liabilities and tax contingencies based upon its best estimate of the taxes ultimately expected to be
paid after considering its knowledge of all relevant facts and circumstances, existing tax laws, its experience with previous audits and
settlements, the status of current tax examinations and how the tax authorities view certain issues. Such amounts are included in income
taxes payable or deferred income tax liabilities, as appropriate, and are updated over time as more information becomes available.

Our management believes that
we are filing tax returns and paying taxes in each jurisdiction where we are required to do so under the laws of such jurisdiction. However,
it is possible that the relevant tax authorities in the jurisdictions where we do not file returns may assert that we are required to
file tax returns and pay taxes in such jurisdictions. There can be no assurance that the subsidiaries will not be taxed in multiple jurisdictions
in the future, and any such taxation in multiple jurisdictions could adversely affect our business, financial condition and results of
operations.

In addition, we may, from time
to time, be subject to inquiries or audits from tax authorities of the relevant jurisdictions on various tax matters, including challenges
to positions asserted on income and withholding tax returns. we cannot be certain that the tax authorities will agree with its interpretations
of the applicable tax laws, or that the tax authorities will resolve any inquiries in its favor. To the extent the relevant tax authorities
do not agree with its interpretation,