v3.25.2
NOTE 17 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables)
3 Months Ended
Mar. 31, 2025
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

Rate Reconciliation:

 

March 31, 2025

 

 

March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Book income (worldwide) at federal statutory rate (21%)

$

(5,471)

 

$

(28,990)

Hong Kong Profits Tax rate (16.5%)

 

160,581

 

 

39,241

Macau Corporate Income Tax rate (12%)

 

(122,729)

 

 

(105,684)

PRC Tax rate (25%)

 

(16,989)

 

 

101,784

Change in valuation allowance

 

(15,392)

 

 

(6,351)

Net expense

$

-

 

$

-