Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 188

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 188
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The Company is incorporated in the British Virgin Islands and is not subject to taxation. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed.

Hong Kong

Entities incorporated in Hong Kong are subject to Hong Kong profits tax at a rate of 16.5% for taxable income earned in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25% for assessable profits on the first HK$2 million and 16.5% for any assessable profits in excess of HK$2 million.

The Group’s Hong Kong subsidiaries are subject to Hong Kong profits tax on their taxable income as reported in their statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. For these subsidiaries, the first HK$2 million of assessable profits are taxed at 8.25% and the remaining assessable profits are taxed at 16.5%.

| (a) | Taxation                               
 in the statement of income represents: |

|                                            |     | 2023 |   |     | 2024 |   |     | 2024 |   |
|                                            |     |  HK$ |   |     |  HK$ |   |     |  US$ |   |
| Hong Kong profits tax provision (benefits) 
 for the year:                              |     |      |   |     |      |   |     |      |   |
| Current                                    |     |      | — |     |      | — |     |      | — |
| Deferred                                   |     |      | — |     |      | — |     |      | — |
|                                            |     |      | — |     |      | — |     |      | — |

| F-24 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 10. | INCOME      
 TAX (cont.) |

| (b) | The                                                                                     
 following table reconciles Hong Kong statutory rates to the Group’s effective tax rate: |

|                                             |     | 2023 |       |    |     | 2024 |       |    |
| Hong Kong statutory income tax              
 rate                                        |     |      |  16.5 | %  |     |      |  16.