Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 207

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 207
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 S. federal income taxation that may be important
to particular investors in light of their individual investment circumstances or to investors subject to special tax situations such
as:

  banks;                                                                                  
  financial institutions;                                                                 
  insurance companies;                                                                    
  regulated investment companies;                                                         
  real estate investment trusts;                                                          
  broker-dealers;                                                                         
  persons that elect to mark their securities to market;                                  
  U. S. expatriates or former long-term residents of the                                  
  governments or agencies or instrumentalities thereof;                                   
  tax-exempt entities;                                                                    
  persons liable for alternative minimum tax;                                             
  persons holding our Ordinary Shares as part of a straddle,                              
  persons that actually or constructively own 10% or                                      
  persons who acquired our Ordinary Shares pursuant to                                    
  persons holding our Ordinary Shares through partnerships                                
  beneficiaries of a trust holding our Ordinary Shares;                                   
  persons holding our Ordinary Shares through a trust.                                    

The
discussion set forth below is addressed only to U. S. Holders that purchase Ordinary Shares in this offering. Prospective purchasers are
urged to consult their own tax advisors about the application of the U. S. federal income tax rules to their particular circumstances
as well as the state, local, foreign and other tax consequences to them of the purchase, ownership and disposition of our Ordinary Shares.

Material
Tax Consequences Applicable to U. S. Holders of Our Ordinary Shares

The
following sets forth the material U. S. federal income tax consequences related to the ownership and disposition of our Ordinary Shares.
It is directed to U. S. Holders (as defined below) of our Ordinary Shares and is based upon laws and relevant interpretations thereof
in effect as of the date of this report, all of which are subject to change. This description does not deal with all possible tax consequences
relating to ownership and disposition of our Ordinary Shares or U. S. tax laws, other than the U. S. federal income tax laws, such as the
tax consequences under non-U. S. tax laws, state, local and other tax laws.

The
following brief description applies only to U. S. Holders (defined below) that hold Ordinary Shares as capital assets and that have the
U. S. dollar as their functional currency. This brief description is based on the federal income tax laws of the United States in effect
as of the date of this report and on U. S. Treasury regulations