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VAT Payable
3 Months Ended
Mar. 31, 2018
VAT Payable [Abstract]  
VAT PAYABLE

NOTE 8 – VAT PAYABLE

 

The Company’s VAT payable consists of 6% on the revenue generated and 3% on the other income generated from car leasing. VAT payable as of March 31, 2018 and December 31, 2017 were $104,881 and $195,308, respectively. The Company is currently reviewing its historical VAT tax returns and will make appropriate amendments where applicable. The VAT payable has been properly accrued for based on the required VAT rate as of March 31, 2018 and December 31, 2017.