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

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses following as of December 31, 2024, 2023 and 2022.

 

   2024   2023   2022 
   December 31, 
     
   2024   2023   2022 
Income before tax  $(2,543,959)  $(648,854)  $(596,881)
                
HK SAR Profits Tax at 16.5%   (419,753)   (107,060)   (98,485)
Tax effect on non-deductible expenses   291,167    1,196,640    54,664 
Tax effect on non-deductible income   (18,817)   -    - 
Tax effect on deductible temporary differences   (1,080)   (122)   (122)
Tax effect on tax loss not recognized   148,483    -    43,943 
Tax effect on utilization of tax losses   -   (1,089,458)   - 
Income tax  $-   $-   $- 
SCHEDULE OF STATUTORY AND EFFECTIVE TAX RATE

The Company’s effective tax rate as of December 31, 2024, 2023 and 2022 was as follows:

 

   2024   2023   2022 
   December 31, 
   2024   2023   2022 
             
HK SAR Profits Tax at 16.5%   16.5%   16.5%   16.5%
Tax effect of income not taxable   (16.5)%   (16.5)%   (16.5)%
The Company’s effective tax rate   0%   0%   0%