Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 201

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 201
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The Company is incorporated in the BVI. Under the current laws of the BVI, the Company is not subject to income or capital gains taxes. Additionally, dividend payments are not subject to withholdings tax in the BVI.

Taiwan

MKD Taiwan, a subsidiary incorporated in Taiwan, is subject to a tax rate of 20% for entities under R.O.C. Income Tax Law.

Samoa

MKD Samoa was incorporated in Samoa and, under the current laws of Samoa, is not subject to tax on its income or capital gains. Additionally, dividend payments are not subject to withholdings tax in Samoa.

Mainland China

Under the Law of the People’s Republic of China on Enterprise Income Tax (“New EIT Law”), which was effective from January 1, 2008, both domestically-owned enterprises and foreign-invested enterprises are subject to a uniform tax rate of 25% while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis.

EIT grants preferential tax treatment to High and New Technology Enterprises (“HNTEs”) at a rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. The Company’s subsidiary, MKD Jiaxing, was approved as HNTE and is entitled to a reduced income tax rate of 15% from 2021 to 2023. In December 2024, the HNTE certification was renewed, extending the reduced tax rate of 15% from 2024 to 2026. The Company’s subsidiary, MKD Shanghai have applicable EIT rate of 25%.

The income tax expense consisted of the following components:

SCHEDULE OF INCOME TAX EXPENSE

|                             |     | For the years ended December 31, 
 2022                             |   |     | 2023 |   |     | 2024 |   |
|:----------------------------|:----|:---------------------------------|:--|:----|:-----|:--|:----|:-----|:--|
| Current income tax expense  |     | $                                | - |     | $    | - |     | $    | - |
| Deferred income tax benefit |     |                                  | - |     |      | - |     |      | - |
| Total income tax expense    |     | $                                | - |     | $    | - |     | $    | - |

Loss before provision for income taxes is attributable to the