Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 83

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 83
---
-  
    $- 
  
    State 
     -  
     - 
  
    Foreign 
     -  
     - 
  
    Total current 
     -  
     - 

    Deferred 

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

    Total income tax expense 
    $-  
    $- 

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

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 
  
    Loss before income tax expense 
    $(651,007) 
    $(534,806)
  
    Computed tax expense (benefit) with statutory tax rate 
     21.0% 
     21.0%
  
    Impact of different tax rates in other jurisdictions 
     3.2% 
     3.5%
  
    Tax effect of non-deductible expenses 
     (0.1)% 
     (2.2)%
  
    Change in valuation allowance 
     (24.1)% 
     (22.3)
  
    Effective tax rate 
     0.0% 
     0.0%

    35

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 for the U.S. Internal Revenue Service to assess the income tax returns of a taxpayer expires three years from
the due date of the income tax return or the date on which it was filed, whichever is later.

In
accordance with the Hong Kong profits tax regulations, a tax assessment by the IRD may be initiated within six years after the relevant
year of assessment, but that period is extendable to 10 years in the case of potential willful underpayment or evasion.

In
accordance