Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 201

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 201
---
States

Longduoduo
is subject to the U.S. corporation tax rate of 21%.

Hong
Kong

Longduoduo
HK was incorporated in Hong Kong and is subject to Hong Kong profits tax. Longduoduo HK is 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-11

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND
DECEMBER 31, 2023

(UNAUDITED)

China

Longduoduo
Health Technology and subsidiaries are subject to a 25% standard enterprise income tax in the PRC. The Company accrued $106,576 and
$216,973 of PRC income tax for the six months ended December 31, 2024 and 2023. 

A summary of income (loss)
before income taxes for domestic and foreign locations for the three and six months ended December 31, 2024 and 2023 is as follows:

    For the Three Months Ended December 31, 

    2024  
    2023 
  
    United States 
    $(28,728) 
    $(102,290)
  
    Foreign 
     636,723  
     361,191 
  
    Income (loss) before income taxes 
    $607,995  
    $258,901 

    For the Six Months Ended December 31, 

    2024  
    2023 
  
    United States 
    $(138,500) 
    $(135,666)
  
    Foreign 
     687,171  
     830,211 
  
    Income (loss) before income taxes 
    $548,671  
    $694,545 

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

    For