Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 113

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 113
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                                                       $                                     14,147,579      $         17,144,161      $         18,283,260  

General and administrative expenses

General and administrative expenses primarily
consist of (i) professional expenses, mainly including legal consulting fees for our daily operations and audit fees; (ii) provision
of expected credit losses against other receivables; (iii) payroll and welfare expenses, including salaries, social insurance and
housing funds for our personnel in our general and administrative department; (iv) office rental expenses; and (v) other miscellaneous
expenses.

                                                                    For the Years Ended December 31,                                                                   
                                                                    2024                                                 2023                     2022                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Professional expenses                                             $                                     2,092,402      $         2,627,802      $         1,223,330  
  Provision of expected credit losses against other receivable                                            2,076,661                        -                        -  
  Payroll and welfare expenses                                                                              626,674                1,610,543                1,544,091  
  Office rental expenses                                                                                    697,000                  827,288                  430,963  
  Others                                                                                                    989,601                1,478,450                  913,015  
                                                                    $                                     6,482,338      $         6,544,083      $         4,111,399  

Taxation

Cayman Islands

Under the current laws of the Cayman Islands,
the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands
withholding tax will be imposed.

Singapore

The Company is subject to corporate income tax
for its business operation in Singapore. Tax on corporate income is imposed at a flat rate of 17%.

Hong Kong

Ableview Brands, Ableview Management, and Able
View are incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its statutory
financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate for the first HKD$2 million
of assessable profits is 8.25% and assessable profits above HKD$2 million will continue to be subject to the rate of 16.5% for corporations
in Hong Kong, effective from the year