| SCHEDULE OF INCOME TAX EXPENSES |
The
tax on the Group’s loss before tax differs from the theoretical amount that would arise using the Singapore standard rate of income
tax as follows:
SCHEDULE OF INCOME TAX EXPENSES
| | |
2023 | | |
2024 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | |
| | |
| | |
| | |
| |
| Loss before income tax | |
| (4,132,517 | ) | |
| (2,521,861 | ) | |
| (3,996,336 | ) |
| | |
| | | |
| | | |
| | |
| Tax calculated at tax rate of 17% | |
| (702,528 | ) | |
| (428,716 | ) | |
| (679,377 | ) |
| Effects of: | |
| | | |
| | | |
| | |
| - different tax rates in other countries | |
| (7,207 | ) | |
| (60,181 | ) | |
| (73,309 | ) |
| - deferred tax assets not recognized | |
| 462,910 | | |
| 494,975 | | |
| 678,609 | |
| - expenses not deductible for tax purposes | |
| 247,290 | | |
| 36,625 | | |
| 117,938 | |
| - income not subject to tax | |
| (465 | ) | |
| (42,703 | ) | |
| (59,112 | ) |
| - timing differences arising from revenue recognition | |
| - | | |
| - | | |
| 15,251 | |
| - under provision of prior year tax | |
| 653 | | |
| - | | |
| - | |
| Income tax expenses | |
| 653 | | |
| - | | |
| - | |
|
| SCHEDULE OF UNUTILIZED TAX LOSSES |
SCHEDULE OF UNUTILIZED TAX LOSSES
| | |
2023 | | |
2024 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | |
| | |
| | |
| | |
| |
| Unutilized tax losses | |
| | | |
| | | |
| | |
| At beginning of year | |
| 4,501,000 | | |
| 6,785,000 | | |
| 8,829,000 | |
| Unutilized tax losses, At beginning of year | |
| 4,501,000 | | |
| 6,785,000 | | |
| 8,829,000 | |
| Addition | |
| 2,517,000 | | |
| 2,240,000 | | |
| 3,412,000 | |
| (Over)/Under-provision in respect of prior years | |
| (233,000 | ) | |
| (196,000 | ) | |
| 172,000 | |
| At end of year | |
| 6,785,000 | | |
| 8,829,000 | | |
| 12,413,000 | |
| Unutilized tax losses, At end of year | |
| 6,785,000 | | |
| 8,829,000 | | |
| 12,413,000 | |
| | |
| | | |
| | | |
| | |
| Unabsorbed capital allowance | |
| | | |
| | | |
| | |
| At beginning of year | |
| 1,218,000 | | |
| 1,145,000 | | |
| 1,404,000 | |
| Unabsorbed capital allowance, At beginning of year | |
| 1,218,000 | | |
| 1,145,000 | | |
| 1,404,000 | |
| Addition | |
| 206,000 | | |
| 241,000 | | |
| 332,000 | |
| (Over)/Under-provision in respect of prior years | |
| (279,000 | ) | |
| 18,000 | | |
| 2,000 | |
| At end of year | |
| 1,145,000 | | |
| 1,404,000 | | |
| 1,738,000 | |
| Unabsorbed capital allowance, At end of year | |
| 1,145,000 | | |
| 1,404,000 | | |
| 1,738,000 | |
| | |
| | | |
| | | |
| | |
| Total | |
| 7,930,000 | | |
| 10,233,000 | | |
| 14,151,000 | |
| | |
| | | |
| | | |
| | |
| Unrecorded approximate deferred tax benefits @ 17% | |
| 1,348,000 | | |
| 1,740,000 | | |
| 2,406,000 | |
|