v3.25.3
TAXES RECEIVABLE
9 Months Ended
Sep. 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 were $671,866 and $734,630 as of September 30, 2025, and December 31, 2024, respectively. The components of taxes receivable were as follows:

 

Description

 

As of September 30, 2025

 

 

As of December 31, 2024

 

Corporate income taxes receivable

 

$397,373

 

 

$310,424

 

VAT refund receivables

 

 

120,219

 

 

 

286,031

 

Municipality taxes refund receivable

 

 

154,274

 

 

 

138,175

 

Total taxes receivable

 

$671,866

 

 

$734,630