v3.25.2
TAXES RECEIVABLE
6 Months Ended
Jun. 30, 2025
TAXES RECEIVABLE  
TAXES RECEIVABLE

NOTE 4 – TAXES RECEIVABLE

 

Taxes receivable mainly include stamps, duties, local taxes assets and corporate income taxes.  Taxes receivable are $717,162 and $734,630 as of June 30, 2025, and December 31, 2024, respectively. The components of taxes receivable are as follows:

 

Description

 

As of

June 30,

2025

 

 

As of

December 31,

2024

 

Corporate income taxes receivable

 

$491,408

 

 

$310,424

 

VAT refund receivables

 

 

70,242

 

 

 

286,031

 

Municipality taxes refund receivable

 

 

155,512

 

 

 

138,175

 

Total taxes receivable

 

$717,162

 

 

$734,630