v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of taxable income/(loss) before income taxes by jurisdiction

Taxable income/(loss) before income taxes by jurisdiction are as follows:

 

   2024   2023   2022 
   Years Ended December 31, 
   2024   2023   2022 
Labuan  $26,190   $25,263   $38,447 
Malaysia   1,280,329    684,759    (80,931)
Singapore   121,780    64,217    33,824 
Total tax expenses (benefits)  $1,428,299   $774,239   $(8,660)
Schedule of reconciliations of the statutory income tax rate and effective income tax rate

Reconciliations of the statutory income tax rate and the Company’s effective income tax rate are as follow:

 

   2024   2023   2022 
   Years Ended December 31, 
   2024   2023   2022 
Income tax expense at Labuan statutory rate  $26,247   $25,375   $38,334 
Income tax expense at Malaysia statutory rate   613,388    710,438    368,799 
Income tax expense at Singapore statutory rate   110,461    91,240    108,987 
Increases (decreases) due to:               
Other adjustments   743,918    (177,593)   391,723 
Temporary differences   (9,092)   13,072    (844,343)
Other exemption, rebate and credit   (26,038)   (56,397)   (22,106)
Foreign tax credit   -    -    (61,909)
(Over) Under provision in prior years   (30,585)   168,104    11,855 
Tax expense (benefits), net  $1,428,299   $774,239   $(8,660)