v3.25.2
Income Tax
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Tax

Note 5 - Income Tax

 

BJKZ is incorporated in the PRC. It is governed by the income tax law of the PRC and is subject to PRC enterprise income tax (“EIT”). The EIT rate for companies operating in the PRC is 25%.

 

The Company’s effective income tax rates were 0% for the three and six months ended June 30, 2025 and 2024 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:

 

                               
    For the
three months ended
June 30,		     For the
six months ended
June 30,		  
    2025     2024     2025     2024  
U.S. statutory rate     34.0 %     34.0 %     34.0 %     34.0 %
Foreign income not registered in the U.S.     (34.0 )%     (34.0 )%     (34.0 )%     (34.0 )%
PRC statutory rate     25.0 %     25.0 %     25.0 %     25.0 %
Changes in valuation allowance and others     (25.0 )%     (25.0) %     (25.0 )%     (25.0 )%
Effective tax rate     0 %     0 %     0 %     0 %

 

The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. A valuation allowance will be maintained until sufficient positive evidence exists to support the reversal of any portion or all of the valuation allowance.

 

               
    June 30,
2025		     December 31,
2024		  
    (Unaudited)        
Deferred tax asset from operating losses carry-forwards   $ 7,023     $ 18,555  
Valuation allowance     (7,023 )     (18,555 ) 
Deferred tax asset, net   $ -     $ -