INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Effective Rate of Income Tax

United States of America

The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the three months ended March 31, 2020 and 2019 are as follows:

	Three months ended March 31,
	2020		2019
Income (loss) before income taxes	$	44,428	$	(24,406)
Statutory income tax rate		21%		21%
Income tax expense at statutory rate		9,329		(5,125)
Tax effect of allowance		-		5,125
Income tax expense	$	9,329	$	-

Taiwan

The reconciliation of income tax rate to the effective income tax rate based on loss before income taxes for the three months ended March 31, 2020 and 2019 are as follows:

	Three months ended March 31,
	2020		2019
Loss before income taxes	$	(33,975)	$	-
Statutory income tax rate		20%		20%
Income tax expense at statutory rate		(6,795)		-
Net operating loss		6,795		-
Income tax expense	$	-	$	-

Hong Kong

The reconciliation of income tax rate to the effective income tax rate based on loss before income taxes for the three months ended March 31, 2020 and 2019 are as follows:

	Three months ended March 31,
	2020		2019
Loss before income taxes	$	(16,959)	$	-
Statutory income tax rate		16.5%		16.5%
Income tax expense at statutory rate		(2,798)		-
Tax effect of non-taxable income		(1)
Net operating loss		2,799		-
Income tax expense	$	-	$	-

The People’s Republic of China

The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the three months ended March 31, 2020 and 2019 are as follows:

	Three months ended March 31,
	2020		2019
Loss before income taxes	$	(63,495)	$	-
Statutory income tax rate		25%		25%
Income tax expense at statutory rate		(15,874)		-
Net operating loss		15,874		-
Income tax expense	$	-	$	-

Schedule of Deferred Income Taxes Assets and Liabilities

The following table sets forth the significant components of the deferred tax assets and liabilities of the Company as of March 31, 2020 and December 31, 2019:

	March 31, 2020		December 31, 2019
			(Audited)
Deferred tax assets on
Net operating loss carryforwards:
-Taiwan	$	6,795	$	7,365
-Hong Kong		2,799		6,319
-PRC		15,874		24,152
Less: valuation allowance		(25,468)		(37,836)
Deferred tax assets, net	$	-	$	-