| Schedule of Tax on Losses |
Tax on losses have been calculated at the rates of tax prevailing in the countries/jurisdictions
in which the Group operates.
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Current | |
| 40,405 | | |
| 112,323 | | |
| 64,343 | |
| Deferred (note 22) | |
| - | | |
| (3,395 | ) | |
| (1,360 | ) |
| | |
| | | |
| | | |
| | |
| Income tax expense for the year | |
| 40,405 | | |
| 108,928 | | |
| 62,983 | |
|
| Schedule of Loss Before Tax at the Statutory Tax Rate |
A reconciliation of the tax expense
applicable to loss before tax at the statutory tax rate for the countries/jurisdictions in which the Group’s operations are domiciled
to the tax expense at the Group’s effective tax rate is as follows:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Loss before tax | |
| (5,138,570 | ) | |
| (37,678,411 | ) | |
| (172,537,530 | ) |
| Tax credit at the domestic rates applicable to losses in the countries/jurisdictions where the Group operates | |
| (635,969 | ) | |
| (6,345,825 | ) | |
| (3,809,856 | ) |
| Income not subject to tax | |
| (327,277 | ) | |
| (471,515 | ) | |
| (180,380 | ) |
| Expenses not deductible for tax | |
| 205,402 | | |
| 881,506 | | |
| 636,813 | |
| Tax losses and deductible temporary differences not recognized | |
| 1,718,716 | | |
| 5,955,248 | | |
| 3,645,841 | |
| Tax losses and deductible temporary differences utilized from previous periods | |
| (960,620 | ) | |
| (12,983 | ) | |
| (282,239 | ) |
| Others | |
| 40,153 | | |
| 102,497 | | |
| 52,804 | |
| | |
| | | |
| | | |
| | |
| Income tax expense | |
| 40,405 | | |
| 108,928 | | |
| 62,983 | |
|