v3.26.1
TAXES RECEIVABLE
6 Months Ended
Jun. 30, 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 $722,893 and $595,434 as of June 30, 2026, and December 31, 2025, respectively. The components of taxes receivable are as follows:

 

Description

 

As of

June 30,

2026

 

 

As of

December 31,

2025

 

Corporate income taxes receivable

 

$193,200

 

 

$282,704

 

VAT refund receivables

 

 

433,297

 

 

 

213,324

 

Municipality taxes refund receivable

 

 

96,396

 

 

 

99,406

 

Total taxes receivable

 

$722,893

 

 

$595,434