Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 247

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 19
Chunk 247
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 on income before
income taxes for the years ended September 30, 2022, 2023 and 2024 was13.5%,15.1% and14.3%, respectively.

No provision for deferred taxation has
been made as there were no material temporary difference at reporting period end date.

Reconciliation between the income tax
expenses computed by applying the BVI statutory tax rate to income before income taxes and actual provision were as follows:

SCHEDULE
OF INCOME TAX AND ACTUAL PROVISION

                                                                         Year ended September 30,                                                                  
                                                                         2022                                        2023                     2024                 
                                                                         US$                                         US$                      US$                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Income before income tax                                                                              936,788                1,269,643                1,562,818  
  Tax expenses at the BVI statutory income tax rate                                                           -                        -                        -  
  Tax effect of rate differences in various jurisdictions                                               152,624                  209,491                  257,865  
  Tax effect of non-taxable income                                                                      ( 2,759                  ( 1,683                 ( 11,253  
  Tax effect of deductible difference                                                                     ( 923                    6,366                  ( 1,263  
  Tax effect of non-deductible expenditure                                                                   55                        -                        -  
  Tax concession                                                                                        ( 1,282                    ( 769                    ( 385  
  Additional tax reduction related to two-tiered profits tax regime                                    ( 21,154                 ( 21,154                 ( 21,154  
  Income tax expense                                                                                    126,561                  192,251                  223,810  

NOTE
13 - RELATED PARTY TRANSACTIONS

(a) Names and Relationship of Related
Parties:

SCHEDULE
OF NAMES AND RELATIONSHIP OF RELATED PARTIES

                            Existing Relationship with the Company                                 
  Panaicia Pty Ltd          Sole director and sole shareholder is one of the shareholders Mr. Wai  
  Prezario UNO Pty Ltd      Sole shareholder is the spouse of one of the shareholders Mr. Wai Yiu  
  Mr. Chun Lin Yau          Father of one of the shareholders, Mr. Wai Yiu Yau                     
  Ms. Lai Ching Ng          Mother of one of the shareholders, Mr. Wai Yiu Yau                     

(b) Summary of Balances with