Company: LHI
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046955
Chunk: 113

Company: Living Homeopathy International Ltd.
Filing Date: 2025-05-23
Form: F-1
Chunk 113
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expenses) mainly included interest income, interest expense, government subsidies and other non-recurring and non-operating income or losses.

Other expense, net was $31,670 and other income,
net was $40,748 for the year ended March 31, 2024 and 2023, respectively. The change was mainly contributed by (i) $46,273 absence of
government subsidies under anti-epidemic fund. These subsidies are unconditional, non-recurring and discretional by the local government;
(ii) $21,201 increase in interest expense as a result of increase in prevailing interest rate during the fiscal year 2024.

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Provision for income taxes

Our provision for income taxes was $141,617 for the year ended March 31, 2024, which decreased by $63,568 or 31.0% from $205,185 for the year ended March 31, 2023. The decrease in provision was mainly attributable to decrease in income before income taxes comparing the two fiscal years. We were subject to income taxes on entity basis on income derived from the location in which each entity is domiciled.

Living Int’l was incorporated in the Cayman Islands as an offshore holding company and is not subject to tax on income or capital gain under the laws of the Cayman Islands.

Living Global was incorporated in the British Virgin Islands as an offshore holding company and is currently exempted from income and corporate tax under the current laws of the British Virgin Islands. In addition, the British Virgin Islands does not levy capital gains tax on it.

Under the two-tiered profits tax rates regime in Hong Kong, from year of assessment of 2018/2019 onwards, Hong Kong profits tax rates are 8.25% on assessable profits up to HKD2,000,000, and 16.5% on any part of assessable profits over HKD2,000,000. Under Hong Kong tax laws, Living Homeopathy Hong Kong is exempted from income tax on its foreign-derived income, and there are no withholding taxes in Hong Kong on remittance of dividends.

The table below sets forth the breakdown of provision for income taxes for the years indicated.

|                              |     | For the years 
 ended         
 March         
 31,           |    2024 |     |   |    2023 |
|:-----------------------------|:----|:--------------|--------:|:----|:--|--------:|
| Current