Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 335

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 335
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| Preferential tax exemption effect     |     |                              | (0.4 | ) |     |   | (0.5 | ) |
| Change in valuation allowance         |     |                              |  0.0 |   |     |   |  0.0 |   |
| Others                                |     |                              |  0.9 |   |     |   | (5.5 | ) |
| Effective tax rate                    |     |                              | 18.0 |   |     |   | 11.5 |   |

Deferred tax

The significant components of the Company’s
deferred tax assets are as follows:

|                      |     | For the year ended March 31, |    2025 |   |     |   |    2024 |   |
|:---------------------|:----|:-----------------------------|--------:|:--|:----|:--|--------:|:--|
|                      |     | $                            |         |   |     | $ |         |   |
| Deferred tax assets  |     |                              |         |   |     |   |         |   |
| Provisions           |     |                              | 128,330 |   |     |   |  37,293 |   |
| Other items          |     |                              | (93,378 | ) |     |   | (23,093 | ) |
| Currency realignment |     |                              |     363 |   |     |   |       – |   |
|                      |     |                              |  35,315 |   |     |   |  14,200 |   |

Unrecognized Tax Benefit

The Company evaluated its income tax
uncertainty under ASC 740-10. ASC 740-10 clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold
a tax position is required to meet before being recognized in the financial statements. As of and for the years ended March 31, 2025,
there was no significant impact from tax uncertainties on the Company’s financial position and result of operations.

| 19. | Related party transactions |

The Company had the following related
party transactions:

|                                         |     | For the year ended March 31, | 2025 |     |   | 2024 |
|:----------------------------------------|:----|:-----------------------------|-----:|:----|:--|-----:|
|                                         |     | $                            |