Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 41

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 41
---
 to tax on income or capital gains under current Cayman Islands law. In addition, upon payment
of dividends by these entities to the shareholders, no Cayman Islands withholding tax will be imposed.

HK SAR

Accordingly, the HK SAR profits
tax is calculated at % on the first HK$ million of the estimated assessable profits and at % on the remaining estimated
assessable profits.

Thailand

The companies incorporated
in Thailand are taxed on worldwide income. A company incorporated abroad is taxed on its profits arising from or in consequence of the
business carried on in Thailand. The corporate income tax (CIT) rate is %. A foreign company not carrying on business in Thailand is
subject to a final withholding tax (WHT) on certain types of assessable income (e.g. interest, dividends, royalties, rentals, and service
fees) paid from or in Thailand. The rate of tax is generally %, except for dividends, which is %, while other rates may apply under
the provisions of a double tax treaty (DTT).

Cambodia

The standard rate of corporate
income tax (“CIT”) for companies and permanent establishments who are classified as medium and large taxpayers is %. For
companies and permanent establishments who are classified as small taxpayers, the CIT rates are progressive rates from % to %. In view
of the annual turnover of the company, the annual turnover ranges from KHR1 billion to KHR6 billion for service and commercial
sectors, the company shall consider as the medium-sized company.

Kyrgyzstan

The company is subject to
a corporate income tax on their aggregate annual income earned worldwide. Non-resident legal entities carrying out business activities
through a permanent establishment in Kyrgyzstan are subject to profit tax on the income attributed to the activities of that permanent
establishments. During the year, excess tax payable of $ were deemed to be no longer payable and reversed accordingly.

Profit tax is calculated
at a rate of % of aggregate annual income less allowed deductions.

Significant components of
the provisions for income taxes for the year ended December 31, 2024, and 2023 were as follows:

|                                                |     | December 31, 
 2024         |          |   |     | 2023 |   |
|:-----------------------------------------------|:----|:-------------|:---------|:--|:----|:-----|:--|
| Current tax provision Kyrgyzstan               |     | $            | —        |   |     |