Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 707

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1B
Chunk 707
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that are subject to taxes in the jurisdictions in which they operate, as follows:

United
States of America

The
Company is registered in the State of Nevada and is subject to the tax laws of the United States of America and the tax rate is 21%.

The
Tax Cut and Jobs Act (TCJA) enacted in late 2017 added rules that require the US parent company to include in income certain low taxed
income. The company is subject to the these so called GILTI (Global Intangible Low-taxed Income) rules due to their presence in the China,
Hong Kong and the Seychelles. The GILTI tax has been properly reflected in their tax provision calculation for the year ended December
31, 2024.

    F-15

EZAGOO
LIMITED

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

Seychelles

Under
the current laws of the Seychelles, Ezagoo Holding Limited is registered as an international business company which governs by the International
Business Companies Act of Seychelles and there is no income tax charged in Seychelles.

HongKong

From
the year of assessment of 2018/19 onwards, Hong Kong profit tax rate are 8.25% on assessable profits up to HK$2,000,000 (approximately
$255,428), and 16.5% on any part of assessable profits over HK$2,000,000. For the years ended December 31, 2024 and 2023, the Company
did not have any assessable profits arising in or derived from Hong Kong, therefore no provision for Hong Kong profits tax was made in
the year.

People’s
Republic of China

Changsha
Ezagoo Technology Limited, Beijing Ezagoo Zhicheng Internet Technology Limited and its Changsha Branch company are operating in the People’s
Republic of China (“PRC”) subject to the Corporate Income Tax governed by the Income Tax Law of the People’s Republic
of China with a unified statutory income tax rate of 25%. For the years ended December 31, 2024 and 2023, the Company did not have any
assessable profits arising in or derived from PRC, therefore no provision for PRC income tax