Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 213

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 213
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 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. 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

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

Loss before provision for income taxes is attributable to the following geographic locations for the years ended December 31, 2022 and 2023:

SCHEDULE OF LOSS BEFORE INCOME TAX

|                                |     | 2022                             
 For the years ended December 31, 
 2022                             |            |   |     | 2023 
 2023 |            |   |
|:-------------------------------|:----|:---------------------------------|:-----------|:--|:----|:-----|:-----------|:--|
| Taiwan                         |     | $                                | (859,741   | ) |     | $    | (1,080,900 | ) |
| PRC                            |     |                                  | (357,345   | ) |     |      | (915,691   | ) |
| Others                         |     |                                  | -          |   |     |      | (71,470    | ) |
| Total loss before income taxes |     | $                                | (1,217,086 | ) |