v3.25.1
Income Tax (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax [Abstract]  
Schedule of the Provision for Income Tax

Significant components of the provision for income tax are as follows:

 

   For the years ended
December 31,
 
   2022   2023   2024 
Hong Kong profits tax:            
– Current year  $672,698   $1,408,470   $72,280 
– Tax reduction   (1,538)   (1,154)    
– Under (Over) provision for prior years   17,185    (25,587)   (430,964)
Income tax expenses (benefit)  $688,345   $1,381,729   $(358,684)
Schedule of Reconciles Statutory Rate to Effective Tax Rate

The following table reconciles statutory rate to effective tax rate:

 

   For the years ended
December 31,
 
   2022   2023   2024 
Hong Kong statutory income tax rate   16.50%   16.50%   16.50%
– Non-taxable income   (3.96)%   (0.30)%   0.26%
– Non-deductible expenses   9.41%   7.31%   (17.90)%
– Temporary difference not recognized   0.69%   0.34%   (0.09)%
– Tax reduction   (0.04)%   (0.02)%   
%
– Income tax at concessionary rate   (0.67)%   (0.35)%   0.41%
– Tax losses not recognized   
%   
    (0.52)%
– Under/over provision for prior years   0.55%   (0.43)%   8.32%
– Others   (0.53)%   
%   (0.05)%
Effective tax rate   21.95%   23.05%   6.93%
Schedule of the Net Deferred Tax Asset

Significant components of the Company’s net deferred tax asset were as follows:

 

   As of December 31, 
   2023   2024 
Deferred tax asset        
Net operating loss carryforwards  $
   $27,143 
Total deferred tax asset   
    27,143 
Valuation allowance   
    (27,143)
Deferred tax asset, net of allowance  $
   $