Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 317

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 317
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 age increase;                                                            |

| — | Skill Development Levy (“SDL”) — up to 0.25%                
 based on employee’s monthly salary capped $8.3 (SGD 11.25). |

Malaysian subsidiary

| — | Social Security Organization (“SOSCO”) — 1.75%         
 based on employee’s monthly salary capped of RM 4,000; |

| — | Employees Provident Fund (“EPF”) — 12% based 
 on employee’s monthly salary; and            |

| — | Employment Insurance System (“EIS”) — 0.2%             
 based on employee’s monthly salary capped of RM 4,000. |

Hong Kong subsidiaries

| — | Mandatory Provident Fund (“MPF”) — 5% based        
 on employee’s monthly salary capped of HKD 30,000; |

Brazil subsidiary

| — | Employees’ Severance Indemnity Fund (“FGTS”) 
 — 8% based on employee’s monthly salary;     |

| — | Social Security Contribution (“INSS”) — up                     
 to 14% based on employee’s monthly salary capped of BRL 7,507; |

Revenue
represents the invoiced value of service, net of applicable GST. The GST is chargeable on gross sales price. In Singapore, GST rate is
8% on gross sales price for calendar year 2023 and 9% for calendar year 2024. Entities that are GST-registered are allowed to offset
qualified input GST paid to suppliers against their output GST liabilities. Net GST balance between input GST and output GST is recorded
in tax payable or receivable.

<div align='center'>F-72

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

The
Company accounts for income taxes in accordance with ASC 740, Income tax . The charge for taxation is based on the results for the
fiscal year and adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or
substantively enacted by the balance sheet date

Deferred
tax is calculated using the balance sheet liability method in respect of temporary differences arising from differences between the carrying
amount of assets and liabilities in the unaudited condensed consolidated financial statements and the corresponding tax basis. In principle,
deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are