v3.25.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF EFFECTIVE TAX RATE

The Company’s effective tax rate was as follows as of December 31, 2024 and 2023:

 

 

   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%
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)%
The Company’s effective tax rate   0.0%   0.0%