Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 228

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 228
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 to 20%. In view
of the annual turnover of the company, the annual turnover ranges from KHR1 billion to KHR6 billion for service and commercial
sectors, the company shall consider as the medium-sized company.

Kyrgyzstan

The company is subject to
a corporate income tax on their 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. During the year, excess tax payable of $486,706 were deemed to be no longer payable and reversed accordingly.

Profit tax is calculated
at a rate of 10% of aggregate annual income less allowed deductions.

Significant components of
the provisions for income taxes for the year ended December 31, 2024, and 2023 were as follows:

|                                                |     | December 31, 
 2024         |          |   |     | 2023 |   |
|:-----------------------------------------------|:----|:-------------|:---------|:--|:----|:-----|:--|
| Current tax provision Kyrgyzstan               |     | $            | —        |   |     | $    | — |
| Over provision of tax in prior year Kyrgyzstan |     |              | (486,706 | ) |     |      | — |
| Current tax provision Cambodia                 |     |              | —        |   |     |      | — |
| Total tax (income) expense                     |     | $            | (486,706 | ) |     | $    | — |

|                                                 |     | December 31, 
 2024         |          |   |     | 2023 |         |   |     | 2022 |          |   |
|:------------------------------------------------|:----|:-------------|---------:|:--|:----|:-----|--------:|:--|:----|:-----|---------:|:--|
| (Loss) Income before taxes                      |     | $            | (960,807 | ) |     | $    | 108,418 |   |     | $    |  343,988 |   |
| Tax credit (expense) at the effective tax rates |     |              | (179,863 | ) |     |      |  10,732 |   |     |      | (124,591 | ) |
| Tax effect on