Company: KNRX
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001641172-25-025066
Chunk: 83

Company: KNOREX LTD.
Filing Date: 2025-08-21
Form: F-1/A
Chunk 83
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We are incorporated in
the Cayman Islands. The Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains, or
appreciation, and there is no taxation in inheritance tax or estate duty. There are no other taxes likely to be material to us levied
by the government of the Cayman Islands except for stamp duties, which may be applicable on instruments executed in, or brought within
the jurisdiction of, the Cayman Islands. In addition, the Cayman Islands does not impose withholding tax on dividend payments.

United States

Our operating subsidiary
in the U.S., Knorex Inc., which was incorporated in the State of Delaware and holds its operation in the state of California, is subject
to federal income tax rate of 21% and California income tax rate of 8.84%.

Singapore

Knorex SG was incorporated
in Singapore and is subject to Singapore income tax on the taxable income as reported in its statutory financial statements adjusted
in accordance with relevant Singapore tax laws.

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Corporate income tax

A Singapore tax resident corporate taxpayer is subject to Singapore income tax on:

| ● | income                                                                              
 accrued in or derived from Singapore; and                                           |
| ● | foreign                                                                             
 sourced income received or deemed received in Singapore, unless otherwise exempted. |

Foreign income in the form of branch profits, dividends, and service fee income, or specified foreign income, received or deemed received in Singapore by a Singapore tax resident corporate taxpayer on or after June 1, 2003, are exempted from Singapore tax subject to meeting the qualifying conditions.

A non-Singapore tax resident corporate taxpayer, subject to certain exceptions, is subject to Singapore income tax on income accrued in or derived from Singapore, and on foreign income received or deemed received in Singapore.

A company is regarded as a tax resident in Singapore if the control and management of the company’s business is exercised in Singapore. Control and management are defined as the making of decisions on strategic matters, such as those concerning the company’s policy and strategy. In general, control and management of the company is vested in its board of directors and therefore if the board of directors meets and conducts the company’s business in Singapore, the company will be regarded as a tax resident in Singapore.

The corporate tax rate in Singapore is 17.0% with effect from the year of assessment 2010, after allowing partial tax exemption on the first S$300,000 of a company’s chargeable income as follows:

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