XML 32 R19.htm IDEA: XBRL DOCUMENT

Income Tax

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

NOTE 13 – INCOME TAX

The United States of America

Logiq, Inc. is incorporated in the State of Delaware in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%. The Company generated no taxable income for the year ended December 31, 2019 and 2018, and which is subject to U.S. federal corporate income tax rate of 21% and 34%, respectively.

		As of September 30, 2020				As of December 31, 2019
U.S. statutory tax rate			21.00	%			21.00	%
Effective tax rate			21.00	%			21.00	%

DATALogiq (Logiq, Inc. formerly known as Origin8, Inc.)

As of September 30, 2020, this company does not have any deferred tax asset.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details