INCOME TAXES |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2025 | |||
| Income Tax Disclosure [Abstract] | |||
| INCOME TAXES |
The Company was incorporated in the State of Nevada, which currently does not impose a state corporate income tax. The Company is, however, subject to the federal corporate income tax rate of 21%.
The subsidiary incorporated in the British Virgin Islands is not subject to income tax under the relevant regulations. Under the current Hong Kong Inland Revenue Ordinance, the Company’s subsidiaries operating in Hong Kong are subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits derived during the current period, after deducting a tax concession for the tax year.
Income is subject to taxation in various countries in which the Company and its subsidiaries operate or are incorporated. |