Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 153

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 153
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own independent advice on how the CGT discount applies to the trust and its beneficiaries.

Taxation of
Non-Australian Holders

Taxation of Dividends

Non-Australian Holders
who do not have a permanent establishment in Australia should not be subject to Australian income tax. As the Company is not regarded
as an Australian company for taxation purposes, Non-Australian Holders should not be subject to Australian dividend withholding tax on
their Ordinary Shares dividends.

Capital Gains Tax
(“ CGT”) Implications

Disposal of shares

As we are not considered
an Australian company, Non-Australian Holders who are treated as the owners of the underlying shares on the basis that they are absolutely
entitled to those Ordinary Shares will not be subject to Australian capital gains tax on the gain made on a sale or other disposal of
Ordinary Shares.

Dual Residency

If a holder of Ordinary
Shares is a resident of both Australia and the United States under those countries’ domestic taxation laws, that holder may be
subject to tax as an Australian resident. If, however, the holder is determined to be a U. S. resident for the purposes of the Double
Taxation Convention between the United States and Australia, the Australian tax would be subject to limitation by the Double Taxation
Convention. Holders should obtain specialist taxation advice in these circumstances.

General Australian
Tax Matters

The below comments
apply to both Australian Resident Holders and Non-Australian Holders.

Stamp Duty

No Australian stamp
duty is payable on the issue, transfer and/or surrender of the Ordinary Shares, provided that the securities issued, transferred and/or
surrendered do not represent 90% or more of our issued shares.

Goods and Services Tax

No Australian GST
will be payable on the supply of the Ordinary Shares.

Subject to certain
requirements, there may be a restriction on the entitlement of our Ordinary Share holders to claim an input tax credit for any GST incurred
on costs associated with the acquisition or disposal of our Ordinary Shares (e. g. lawyer’s and accountants’ fees).

New Zealand Profits Taxation

We believe that the
Company, or Globavend HK, should not be treated as tax resident in New Zealand for New Zealand income tax purposes because each of them
is not incorporated in New Zealand, does not have its head office or center of management in New Zealand and its board of directors does
not exercise control of the company in New Zealand. However, there can be no