Taxation (Tables)

12 Months Ended

Sep. 30, 2023

Major components of tax expense (income) [abstract]

Summary of Reconciliation of Effective Tax Rate

The following table presents the reconciliation of effective tax rate for the years ended September 30, 2023 and 2022:

	For the Year Ended September 30,
(in USD)	2023			2022
Loss before tax		(222,097,491	)		(3,577,590	)
Income tax at the domestic rate of 22.00% (2022: 20.31%)		(45,970,977	)		(726,609	)
Impact of difference in overseas tax rates		40,961,202			—
Non-deductible expenses		2,685			98,838
Current year losses for which no deferred tax asset is recognized		5,026,928			643,122
Others		(19,838	)		(15,351	)
		—			—

Summary of Unrecognized Deferred Tax Assets Explanatory

Deferred tax assets have not been recognized in respect of the following items because it is not probable that future taxable profits will be available against which the Group entities can utilize benefits therefrom as at September 30, 2023, and 2022:

	For the Year Ended September 30,
(in USD)	2023		2022
Severance liabilities		31,716		20,532
Leases		—		1,880
Tax losses		5,946,743		924,653
		5,978,459		947,065

Summary of Tax Loss Carry Forward

As at September 30, 2023, we had tax loss carry-forwards that will expire in the following periods:

(in USD)
2024	52,238
2025	447,119
2026	691,144
2027	1,291,400
2028	2,989,672
No expiration	22,106,086
	27,577,658