Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 693

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 693
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F-151

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 15.Income tax (cont.) Principal Statutory Tax Rates by Jurisdiction The principal statutory income tax rates applicable in the jurisdictions where the Group operates for all the years presented are summarized below:

| Tax Jurisdiction |     | As of         
 June 30, 2024 |     | As of         
 June 30, 2023 |
|:-----------------|:----|:--------------|:----|:--------------|
| Argentina(*)     |     | 25% – 35%     |     | 25% – 35%     |
| Cayman Islands   |     | 0%            |     | 0%            |

____________ (*)In June 2021, Law 27,630 was enacted, introducing a new graduated rate structure for income tax in Argentina with three tiers based on the level of cumulative taxable net income, with tax rates ranging from 25% to 35%. Unrecognized deferred tax assets The Group has not recognized deferred tax assets for any of the years presented because its estimated tax losses exceed the expected future benefits, and the Group believes it is not probable that future taxable income will be available to utilize those temporary differences. Therefore, the Group did not recognize deferred income tax assets generated by tax loss carryforwards for the years ended June 30, 2024, and 2023, for the amounts of US$719,050 and US$190,122, respectively. The following table shows the expiration date of unrecognized accumulated tax loss carryforwards pursuant to statutes of limitations:

| Fiscal year |     |      Tax-loss 
 carry forward |     |  Deferred 
 tax asset |     | Expiration |     | Tax          
 jurisdiction |
| 2020        |     |        82,283 |     |    28,799 |     |       2025 |     | Argentina    |
| 2021        |     |       212,933 |     |    74,527 |     |       2026 |     | Argentina    |
| 2022        |     |       180,865 |     |    63,303 |     |       2027 |     | Argentina    |
| 2023        |     |       543,207 |     |   190,122 |     |       2028 |     |