TAXES PAYABLE

6 Months Ended

Jun. 30, 2025

NOTE 14 – TAXES PAYABLE

The taxes payable include tax amounts due for stamps, duties, corporate income tax and deferred tax liabilities as noted below:

As of June 30, 2025, and December 31, 2024, taxes payable are $3,644,543 and $3,774,418, respectively. The components of taxes payable are as follows:

	As of June 31, 2025		As of December 31, 2024
Stamps, duties and other taxes	$	2,600,459	$	2,369,595
Corporate income tax payable		1,044,084		1,404,823
Total taxes payable	$	3,644,543	$	3,774,418