v3.26.1
TAXES RECEIVABLE
3 Months Ended
Mar. 31, 2026
TAXES RECEIVABLE  
TAXES RECEIVABLE

NOTE 4 – TAXES RECEIVABLE

 

Taxes receivable mainly include stamps, duties, local taxes assets and corporate income taxes. Taxes receivable are $468,208 and $595,434 as of March 31, 2026, and December 31, 2025, respectively. The components of taxes receivable are as follows:

 

Description

 

As of

March 31

2026

 

 

As of

December 31

2025

 

Corporate income taxes receivable

 

$134,460

 

 

$282,704

 

VAT refund receivables

 

 

235,410

 

 

 

213,324

 

Municipality taxes refund receivable

 

 

98,338

 

 

 

99,406

 

Total taxes receivable

 

$468,208

 

 

$595,434