v3.26.1
Note 14 - Income taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2025
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

For the Years Ended December 31,

2025

 

2024

 

2023

 

 

 

 

 

 

 

 

 

 

Computed tax expense with statutory tax rate

 

17.0

%

 

 

17.0

%

 

 

17.0

%

Tax rebate in Singapore

 

92.9

%

 

 

26.6 

%

 

 

-2.0

%

Additional R&D deduction

 

384.5

%

 

 

55.1 

%

 

 

-6.2

%

Permanent difference

 

-203.6

%

 

 

-28.5

%

 

 

16.8

%

Change in valuation allowance

 

-470.0

%

 

 

-133.3

%

 

 

5.7

%

Impact of different tax rates in other jurisdictions

 

-608.1

%

 

 

36.1

%

 

 

-8.6

%

Effect of preferential tax rates

 

447.1

%

 

 

-40.9

%

 

 

7.6

%

Effect of true-up on NOL

 

93.3

%

 

 

-

%

 

 

11.1

%

Interest on uncertain tax position

 

-88.0

%

 

 

-26.9

%

 

 

-

%

Effective tax rate

 

-334.9

%

 

 

-94.8

%

 

 

41.4

%