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Income Taxes
 12 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

10. Income Taxes

 

Hong Kong

 

In accordance with the relevant tax laws and regulations of Hong Kong, a company registered in Hong Kong is subject to income taxes within Hong Kong at 8.25% on assessable profits up to $257,069 (HK$2,000,000), and 16.5% on any part of assessable profits over $257,069 (HK$2,000,000).

 

The components of the income tax expense are as follows:

 

   Year Ended September 30, 
   2025   2024   2023 
Current            
Hong Kong $—  $153,614  $— 
Deferred               
Hong Kong  55,219   (15,583)  157,300 
Provision for income taxes $55,219  $138,031  $157,300 

 

The following table reconciles Hong Kong statutory rates to the Company’s effective tax for the years ended September 30, 2025, 2024 and 2023:

 

   2025   2024   2023 
Profit before income taxes $188,153  $958,424  $963,596 
Hong Kong Profits Tax rate  16.5%  16.5%  16.5%
Income taxes computed at Hong Kong Profits Tax rate  31,045   158,140   158,993 
Reconciling items:               
Tax effect of income that is not taxable*  —   —   (1,693)
Tax effect of expenses that are not deductible  24,174   1,011   — 
Effect of two-tier tax rate  —   (21,120)  — 
Income tax expense $55,219  $138,031  $157,300 

 

* Income that is not taxable mainly consisted of interest and government subsidies which are non-taxable under Hong Kong income tax law.

 

The Company measures deferred tax assets and liabilities based on the difference between the CFS and tax bases of assets and liabilities at the applicable tax rates. Components of the Company’s deferred tax asset and liability are as follows as of September 30, 2025 and 2024:

 

   2025   2024 
Deferred tax assets (liabilities):        
Depreciation and amortization $(38,793) $48,041 
Allowance for credit loss  101,061   176,714 
Tax losses  106,820   — 
Total deferred tax assets  169,088   224,755 
Less: valuation allowance  —   — 
Deferred tax assets, net $169,088  $224,755 

 

Uncertain tax positions

 

The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of September 30, 2025 and 2024, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties for potential underpaid income taxes for the years ended September 30, 2025 and 2024. The Company also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from September 30, 2025.