Income Taxes (Tables)

6 Months Ended

Mar. 31, 2025

A reconciliation of income before income taxes for domestic and foreign locations for the six months ended March 31, 2025 and 2024 is as follows:

	For the Six Months Ended March 31,
	2025			2024
United States	$	(126,665	)	$	(69,242	)
Foreign		275,292			(7,793	)
Before income taxes	$	148,627		$	(77,035	)

The table below presents the earliest tax year that remain subject to examination by major jurisdiction.

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows:

	For the Six Months Ended March 31,
	2025			2024
Income tax (benefit) at USA statutory rate		21	%		21	%
U.S. valuation allowance		(21	)%		(21	)%
Effective combined tax rate		0	%		0	%

The difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows:

	For the Six Months Ended March 31,
	2025			2024
Income tax (benefit) at PRC statutory rate		25	%		25	%
PRC valuation allowance		2.8	%		39	%
Tax preference		10.6	%		(51	)%
Effective combined tax rate		38.4	%		13	%

Maitong Sunshine Cultural Development Co., Ltd 10-Q