Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 292

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 292
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 18. | Taxation |

Singapore The Company’s subsidiaries incorporated in Singapore, are subject to Singapore Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable corporate income tax rate is 17% in Singapore, with 75% of the first $10,000 taxable income and 50% of the next $190,000 taxable income being exempted from income tax. Malaysia The Company’s subsidiary incorporated in Malaysia is governed by the income tax laws of Malaysia and the income tax provision in respect of operations in Malaysia is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Income Tax Act of Malaysia, enterprises that are incorporated in Malaysia are usually subject to a unified 24% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on a case-by-case basis. Thailand The Company’s subsidiary incorporated in Thailand is governed by the income tax laws of Thailand and the income tax provision in respect of operations in Thailand is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. The applicable corporate income tax rate is 20% in Thailand. China The Company’s subsidiary incorporated in China is governed by the income tax laws of China and the income tax provision in respect of operations in China is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. The applicable corporate income tax rate is 25% in China. Income tax expense for the years ended March 31, 2025 and 2024 amounted to $893,015 and $955,401, respectively. The current and deferred components of income tax expenses appearing in the consolidated statements of comprehensive income are as follows:

|                            |     | For the year ended March 31, |    2025 |   |     |   |    2024 |
|:---------------------------|:----|:-----------------------------|--------:|:--|:----|:--|--------:|
|                            |     | $                            |         |   |     | $ |         |
| Current income tax expense |     |                              | 913,767 |   |     |   | 955,401 |
| Deferred income tax credit |     |                              | (20,752 | ) |     |   |       – |
|                            |     |                              |