Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 253

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 253
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 value-added tax purpose or imports goods, the previous applicable
17% tax rates are lowered to 16%.

According to the Circular
on Policies to Deepen Value-added Tax Reform, promulgated on March 20, 2019 and effective since April 1, 2019, where a taxpayer
engages in a taxable sales activity for the value-added tax purpose or imports goods, the previous applicable 16% and 10% tax rates are
lowered to 13% and 9% respectively.

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Hong Kong Taxation

Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong)

Under the Inland Revenue
Ordinance, where an employer commences to employ in Hong Kong an individual who is or is likely to be chargeable to tax, or any
married person, the employer shall give a written notice to the Commissioner of Inland Revenue not later than three months after
the date of commencement of such employment. Where an employer ceases or is about to cease to employ in Hong Kong an individual
who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland
Revenue not later than one month before such individual ceases to be employed in Hong Kong.

Tax on dividends

Under the current practice
of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by HK Zerolimit
to the Company.

Capital gains and profit tax

The Inland Revenue Ordinance
provides, among other things, that profits tax shall be charged on every person carrying on a trade, profession or business in Hong Kong
in respect of his or her assessable profits arising in or derived from Hong Kong at the standard rate of 8.25% on assessable profits
up to $2,000,000, and 16.5% on any part of assessable profits over $2,000,000 for corporate taxpayers, as of the date of this prospectus.
The Inland Revenue Ordinance also contains detailed provisions relating to, among other things, permissible deductions for expenses, set-offs
for losses and allowances for depreciations of capital assets.

No tax is imposed in Hong Kong
in respect of capital gains from the sale of shares. However, trading gains from the sale of shares by persons carrying on a trade, profession
or business in Hong Kong, where such gains are derived from or arise in Hong Kong