Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 71

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 71
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 to Hong Kong profits tax. They are subject to Hong Kong taxation on its activities conducted in Hong Kong and income
arising in or derived from Hong Kong. From year of assessment of 2019/2020 onwards, Hong Kong profits tax rates are 8.25% on assessable
profits up to HK$2,000,000, and 16.5% on any part of assessable profits over HK$2,000,000. The Company did not have any income (loss)
subject to the Hong Kong profits tax.

F-13

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

China

Julong and its subsidiaries are subject to a 25%
standard enterprise income tax in the PRC. If the taxable income in the calendar year does not exceed RMB 3 million, only 25% of the
taxable income will be included in the tax base, which is then subject to a preferential tax rate of 20%. The Company accrued $222,268
and $523,207 of PRC income tax for the years ended June 30, 2025 and 2024.

A
summary of income (loss) before income taxes for domestic and foreign locations for the years ended June 30, 2025 and 2024 is as follows:

    For the year ended June 30, 

    2025  
    2024 
  
    United States 
    $(219,614) 
    $(200,515)
  
    Foreign 
     934,142  
     2,087,000 
  
    Total Income before income taxes 
    $714,528  
    $1,886,485 

The
difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows:

    For the year ended 

    June 30,  
    June 30, 

    2025  
    2024 
  
    Income tax (benefit) at USA statutory rate 
     21% 
     21%
  
    U.S. valuation allowance 
     (21)% 
     (21)%
  
    Income tax (benefit) at USA effective rate 
     0% 
     0%