Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 58

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 58
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 the PRC are subject to the income
tax rate of 25%, unless otherwise specified.

    33

Income
tax expense was comprised of the following:

 SCHEDULE
OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT

    2025  
    2024 

    Nine
Months Ended
                                                                               June 30, 

    2025  
    2024 
  
    Current 

    Federal 
    $-  
    $- 
  
    State 
     -  
     - 
  
    Foreign 
     -  
     16,029 
  
    Total current 
     -  
     16,029 

    Deferred 

    Federal 
     -  
     - 
  
    State 
     -  
     - 
  
    Foreign 
     -  
     - 
  
    Total deferred 
     -  
     - 

    Total income tax expense 
    $-  
    $16,029 

A
reconciliation between the Company’s actual provision for income taxes and the provision at the statutory rate is as follow:

 SCHEDULE
OF RECONCILIATION OF PROVISION OF INCOME TAX

    2025  
    2024 

    Nine Months Ended
                                                                                June 30, 

    2025  
    2024 
  
    Loss before income tax expense 
    $(888,749) 
    $(1,404,027)
  
    Computed tax expense (benefit) with statutory tax rate 
     21.0% 
     21.0%
  
    Impact of different tax rates in other jurisdictions 
     3.1% 
     3.6%
  
    Tax effect of non-deductible expenses 
     (1.8)% 
     (2.8)%
  
    Change in valuation allowance 
     (22.3)% 
     (22.9)
  
    Effective tax rate 
     0.0% 
     (1.1)%

Uncertain
tax positions

The
Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business,
the Company is subject to examination by the respective jurisdictions, where applicable. The statute of limitations for the tax returns
varies by jurisdiction.

The
statute of limitations