Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 158

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 158
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$                     US$                
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current tax                                                   67,418                 159,310                 19,508  
  Deferred income tax expenses                                ( 14,663                ( 14,663                ( 4,181  
  Income tax expenses                                           52,755                 144,647                 15,327  

F-18

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 13 - INCOME TAXES(cont.)

Pursuant to the current rules
and regulations, the BVI currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciations and
there is no taxation in the nature of inheritance tax or estate duty. Therefore, the Company is not subject to any income tax in the BVI.

K-Mark Technology is subject
to Hong Kong profits tax at a rate of16.5% on their taxable income generated from operations in Hong Kong before April 1,
2018. Starting from the financial year commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the
tax rate is
8.25
% for assessable profits on the first HKD
2
million and
16.5
% for any assessable profits in excess of HKD
2
million
(equivalent to US$
255,630
).

                                                                                  Year ended March 31,                                                                 
                                                                                  2025                                    2024                     2023                
                                                                                  US$                                     US$                      US$                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Income before tax expenses                                                                                 540,712                1,073,176                 262,798  
  Tax expenses at applicable rates in Hong Kong profits at tax rate of 16.5%                                  89,217                  177,074                  43,362  
  Tax reduction related to two-tiered profits tax regime                                                    ( 21,219                 ( 21,089                ( 20,273  
  Tax incentives                                                                                               ( 193                    ( 383                   ( 765  
  Tax effect of non-taxable income                                                                          ( 15,050                 ( 10,955                 ( 6,997  
  Income tax expense                                                                                          52,755                  144,647                  15,327