Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 150

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 150
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 accordance with relevant Hong Kong tax laws. For these subsidiaries, the first HK$ 2 8.25 16.5

  (a)      Taxation                                

SCHEDULE
OF STATEMENT OF INCOME

                                                           2022                    2023      2024      2024  
                                                           HK$                     HK$       HK$       US$   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hong                                                                                                       
  Current                                                            ( 10,000                                
  Deferred                                                            391,820                                
  Income                                                              381,820                                

MAGIC
EMPIRE GLOBAL LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

  10.      INCOME       
           TAX (cont.)  
 ────────────────────────

  (b)      The                                                                                      

SCHEDULE
OF RECONCILES STATUTORY RATES TO EFFECTIVE TAX RATE

 ────────────────────────────────────────────────────────────────────────────
  Hong                                        16.5        16.5        16.5  
  Preferential                                   —           —           —  
  Expenses                                       —      ( 76.5      ( 16.5  
  Effect                                     ( 9.8      ( 23.3       ( 4.2  
  Valuation                                 ( 21.3       ( 3.9      ( 10.3  
  Permanent                                    3.6        87.2        14.5  
  Effective                                 ( 11.0           —           —  

  (1)      Non-deductible                                                                                                                                                                                  
  (2)      Mainly                                                                                                                                                                                          

  (c)      Income                                                                                                             
           (loss) before income taxes is attributable to the following geographic locations for the years ended December 31:  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

SCHEDULE
OF GEOGRAPHIC LOCATIONS

                                      2022                       2023                     2024                                  
                                      HK$                        HK$                      HK$                                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hong                                          ( 1,406,918                  195,245                ( 3,530,735      ( 454,540  
  Foreign                                       ( 2,053,540                ( 679,057                ( 1,199,117