Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 112

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 112
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, and service fees) paid from or in Thailand. The rate of tax is generally 15%, except for dividends, which is 10%, while other rates may apply under the provisions of a double tax treaty.

Cambodia

The standard rate of corporate income tax for companies and permanent establishments in Cambodia who are classified as medium and large taxpayers is 20%. For companies and permanent establishments who are classified as small taxpayers, the corporate income tax rates are progressive rates from 0% to 20%. In view of the annual turnover of the company, which ranges from KHR1 billion to KHR6 billion for service and commercial sectors, the company is considered a medium-sized company.

Kyrgyzstan

NewGenIvf is subject to a corporate income tax on its aggregate annual income earned worldwide. Non-resident legal entities carrying out business activities through a permanent establishment in Kyrgyzstan are subject to profit tax on the income attributed to the activities of that permanent establishments. Profit tax is calculated at a rate of 10% of aggregate annual income less allowed deductions.

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Results of Operations

|                                                                                   |     | For the Year ended 
 December 31,       |       2024 |   |     |     |       2023 |   |
|:----------------------------------------------------------------------------------|:----|:-------------------|-----------:|:--|:----|:----|-----------:|:--|
|                                                                                   |     | US$                |            |   |     |     |            |   |
| Revenues                                                                          |     |                    |  5,433,375 |   |     |     |  5,136,153 |   |
| Cost of revenues                                                                  |     |                    | (3,606,481 | ) |     |     | (3,454,368 | ) |
| Gross profit                                                                      |     |                    |  1,826,894 |   |     |     |  1,681,785 |   |
| Operating expenses                                                                |     |                    |            |   |     |     |            |   |
| Selling and marketing expenses                                                    |     |                    |   (206,314 | ) |     |     |    (18,030 | ) |
| General and administrative expenses                                               |     |                    | (2,651,075 | ) |     |     | (1,259,364 | ) |
| Auditor’s fees                                                                    |     |                    |   (130,000 |