Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 23

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 23
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could result in the dollar equivalent of such expenses being higher and/or the dollar equivalent of any such foreign-denominated
revenue being lower than would be the case if exchange rates were stable. This may result in losses on foreign currency exchange and
could have a negative impact on our reported operating results. To date, we have not engaged in any hedging strategies, and any such
strategies, such as forward contracts, options and foreign exchange swaps related to transaction exposures that we may implement to
mitigate this risk may not eliminate our exposure to foreign exchange fluctuations.

  18  

The
intended tax benefits of our corporate structure and intercompany arrangements depend on the application of the tax laws of various jurisdictions
and on how we operate our business.

Our
corporate structure and intercompany arrangements, including the manner in which we develop and use our intellectual property and the
transfer pricing of our intercompany transactions, are intended to reduce our worldwide effective tax rate. The application of the tax
laws of various jurisdictions, including the United States, to our international business activities is subject to interpretation and
depends on our ability to operate our business in a manner consistent with our corporate structure and intercompany arrangements. The
taxing authorities of the jurisdictions in which we operate may challenge our methodologies for valuing developed technology or intercompany
arrangements, including our transfer pricing, or determine that the manner in which we operate our business does not achieve the intended
tax consequences, which could increase our worldwide effective tax rate and harm our financial position and results of operations.

The
enactment of legislation implementing changes in the U. S. taxation of international business activities or the adoption of other tax
reform policies could materially impact our financial position and results of operations.

The
current administration has made public statements indicating that it has made international tax reform a priority, and key members of
the U. S. Congress have conducted hearings and proposed new legislation. Changes to U. S. tax laws, including limitations on the ability
of taxpayers to claim and utilize foreign tax credits and the deferral of certain tax deductions until earnings outside of the United
States are repatriated to the United States, as well as changes to U. S. tax laws that may be enacted in the future, could impact the
tax treatment of our foreign earnings. Due to the large and expanding scale of our international business activities, any changes in
the U. S. taxation of such activities may increase our worldwide effective tax rate and harm our financial position and