Ebang International Holdings Inc. / "Research and Development" | Tables in SEC filings

EBON Ebang International Holdings Inc.

Annual report (foreign)

The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2023, 2022 and 2021 applicable to the PRC operations to income tax expenses is as follows:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Statutory income tax rate		25.00	%		25.00	%		25.00	%
Effect of expenses not deductible for tax purposes		(0.20	)%		0.00	%		0.40	%
Effect of additional deduction of research and development expense		4.80	%		0.70	%		(35.10	)%
Effect of income tax exemptions and reliefs		(8.00	)%		2.90	%		60.90	%
Recovery from deferred income tax assets		5.20	%		5.50	%		-
Effect of valuation allowance on deferred income tax assets		(27.10	)%		(28.00	)%		2.20	%
Income tax difference under different tax jurisdictions		4.30	%		(6.10	)%		(45.70	)%
Prior year true-ups		-			-			(23.60	)%
Others		(1.40	)%		-			-
Total		2.60	%		(0.00	)%		(15.90	)%

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