The Company’s effective tax rate was as follows
as of December 31, 2024 and 2023:
SCHEDULE
OF EFFECTIVE TAX RATE
| |
2024 | | |
2023 | |
| |
As of December 31, | |
| |
2024 | | |
2023 | |
| |
| | |
| |
Statutory rates in HK SAR | |
| 16.5 | % | |
| 16.5 | % |
Statutory rates in Taiwan | |
| 20.0 | % | |
| 20.0 | % |
Statutory rates in Singapore | |
| 17.0 | % | |
| 17.0 | % |
Statutory rates | |
| 17.0 | % | |
| 17.0 | % |
Tax effect of income not taxable in HK SAR | |
| (16.5 | )% | |
| (16.5 | )% |
Tax effect on utilization of tax losses in Taiwan | |
| (20.0 | )% | |
| (20.0 | )% |
Tax effect of income not taxable in Singapore | |
| (17.0 | )% | |
| (17.0 | )% |
Tax effect of income not taxable | |
| (17.0 | )% | |
| (17.0 | )% |
The Company’s effective tax rate | |
| 0.0 | % | |
| 0.0 | % |
|