v3.26.3
INCOME TAX EXPENSES (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT

The income tax provision consists of the following components:

 

   2025   2026   2026 
   For the six-month period ended June 30, 
   2025   2026   2026 
   SGD’000   SGD’000   USD’000 
Current income tax expense:               
Singapore   20    811    627 
Foreign jurisdictions   -    -    - 
Total current income tax expense   20    811    627 
Deferred income tax expense/(benefit):               
Current year   -    -    - 
Foreign jurisdictions   -    -    - 
Total deferred income tax expense/(benefit)   -    -    - 
Income Tax Expense   20    811    627 
                
Effective tax rate   (2.5)%   32.3%   32.3%
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

   2025       2026       2026     
   For the six-month period ended June 30, 
   2025       2026       2026     
   SGD’000   %   SGD’000   %   US$’000   % 
Income before tax expenses:        (812)        2,511         1,940      
                               
Tax at Singapore statutory income tax rate of 17%   (138)   17.0    427    17.0    330    17.0 
Reconciling item:                              
                               
Tax effect of non-deductible expenses   158    (19.5)   384    15.3    297    15.3 
                               
                               
Income tax expense and effective tax rate      20    (2.5)   811    32.3    627    32.3 
SCHEDULE OF INCOME TAXES PAID, NET OF REFUNDS RECEIVED

Income taxes paid, net of refunds received, consisted of the following:

 

   2025   2026   2026 
   For the six-month period ended June 30, 
   2025   2026   2026 
   SGD’000   SGD’000   US$’000 
Singapore   70    284    219 
Foreign jurisdictions   -    -    - 
Total   70    284    219