Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 268

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 268
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12 – Income taxes

The Company is subject to income taxes on an entity
basis on income derived from the location in which each entity is domiciled.

The Company is incorporated in the Cayman Islands
as an offshore holding company and is not subject to tax on income or capital gain under the laws of the Cayman Islands.

Living Global is incorporated in the British Virgin
Islands (“BVI”) as an offshore holding company and is currently exempted from income and corporate tax under the current laws
of the British Virgin Islands. In addition, the British Virgin Islands does not levy capital gains tax on it.

Living HK is incorporated in Hong Kong and
subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with
relevant Hong Kong tax laws. The applicable tax rate is 16.5% in Hong Kong. From year of assessment of 2019/2020 onwards, Hong Kong
profits tax rates are 8.25% on assessable profits up to HKD2,000,000, and remaining assessable profits are taxed at 16.5%.

<div align='center'>F-21</div>

Income taxes expenses consisted of the following:

|                              |     | For the years ended 
 March 31,           |    2024 |     |   |    2023 |
|:-----------------------------|:----|:--------------------|--------:|:----|:--|--------:|
| Current income tax provision |     | $                   | 139,634 |     | $ | 199,989 |
| Deferred income tax expenses |     |                     |   1,983 |     |   |   5,196 |
| Total income taxes expenses  |     | $                   | 141,617 |     | $ | 205,185 |

The following table reconciles the statutory rate to the Company’s
effective tax rate:

|                                                   |     | For the years ended 
           March 31, |      |    |     |      |      |    |
|                                                   |     |                2024 |      |    |     | 2023 |      |    |
| Cayman Islands statutory income tax rate          |     |                     |    - |    |     |      |    - |    |
| Effect of tax-exempted entity incorporated in BVI |     |                     |    - |    |     |      |    - |    |
| Effect of Hong Kong statutory income tax