Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 241

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 241
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 (“PRC”)

The Company’s subsidiaries
incorporated in the PRC are subject to PRC Enterprise Income Tax at a unified tax rate of 25% on their taxable income, as determined in
accordance with relevant PRC tax laws and regulations. Preferential tax rates or exemptions may be available to certain qualified entities,
subject to approval by local tax authorities.

Dubai (United Arab Emirates)

The Company’s subsidiary incorporated in
Dubai is governed by the corporate tax regime established under UAE Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations
and Businesses. Effective from June 1, 2023, the UAE implemented a corporate tax regime at a standard rate of 9% on taxable income exceeding
AED 375,000. Income up to this threshold is exempt from corporate tax.

United States

The Company’s subsidiary
incorporated in the United States is subject to U.S. federal corporate income tax at a statutory rate of 21% on its taxable income, in
accordance with the Internal Revenue Code. Additionally, the subsidiary may also be subject to state and local income taxes, which vary
by jurisdiction.

Income tax (benefit) expense for the years ended
March 31, 2025, 2024, and 2023 amounted to $1,128,672, $53,291 and $620,142, respectively.

<div align='center'>F-48

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Significant components of the provision for income
taxes are as follows:

|                            |     | For the years ended March 31, |      2025 |   |     |   |     2024 |   |     |   |     2023 |   |
|:---------------------------|:----|:------------------------------|----------:|:--|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Current                    |     | $                             | 1,362,520 |   |     | $ |  723,160 |   |     | $ |  873,308 |   |
| Deferred                   |     |                               |  (233,848 | ) |     |   | (669,869 | ) |     |   | (253,166 | ) |
| Provision