Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 88

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 88
---
 where such gains are derived from or arise in Hong Kong, will be subject to Hong Kong
profits tax, which is imposed at the rates of 8.25% on assessable profits up to HKD2,000,000 and 16.5% on any part of assessable profits
over HKD2,000,000 on corporations from the year of assessment commencing on or after April 1, 2018. Certain categories of taxpayers (for
example, financial institutions, insurance companies, and securities dealers) are likely to be regarded as deriving trading gains rather
than capital gains unless these taxpayers can prove that the investment securities are held for long-term investment purposes.

Stamp Duty Ordinance (Chapter 117
of the Laws of Hong Kong)

Under the Stamp Duty
Ordinance, the Hong Kong stamp duty currently charged at the ad valorem rate of 0.13% on the higher of the consideration for or the market
value of the shares will be payable by the purchaser on every purchase and by the seller on every sale of Hong Kong shares (in other
words, a total of 0.26% is currently payable on a typical sale and purchase transaction of Hong Kong shares). In addition, a fixed duty
of HKD5 is currently payable on any instrument of transfer of Hong Kong shares. Where one of the parties is a resident outside Hong Kong
and does not pay the ad valorem duty due by it, the duty not paid will be assessed on the instrument of transfer (if any) and will be
payable by the transferee. If no stamp duty is paid on or before the due date, a penalty of up to ten times the duty payable may be imposed.

  50  

  Table of Contents  

Regulations Related to Personal
Data

Personal Data (Privacy) Ordinance
(Chapter 486 of the Laws of Hong Kong)

The Personal Data
(Privacy) Ordinance (“ PDPO”) imposes a statutory duty on data users to comply with the requirements of the six data protection
principles (the “ Data Protection Principles”) contained in Schedule 1 to the PDPO. The PDPO provides that a data user shall
not do an act, or engage in a practice, that contravenes a Data Protection Principle unless the act or practice, as the case may be,
is required or permitted under the PDPO. The six Data Protection Principles are:

  Principle 1 — purpose and manner of collection of personal data;  
  Principle 2