INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 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 (loss) income before income taxes for the nine months ended September 30, 2020 and 2019 are as follows:

	Ninemonths ended September 30,
	2020		2019
(Loss) income before income taxes	$	(361,298)	$	326,260
Statutory income tax rate		21%		21%
Income tax expense at statutory rate		(75,872)		68,514
Tax effect of allowance		75,872		-
Income tax expense	$	-	$	68,514

Taiwan

The reconciliation of income tax rate to the effective income tax rate based on loss before income taxes for the ninemonths ended September 30, 2020 and 2019 are as follows:

	Nine months ended September 30,
	2020		2019
Loss before income taxes	$	(109,397)	$	-
Statutory income tax rate		20%		20%
Income tax expense at statutory rate		(21,879)		-
Net operating loss		21,879		-
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 nine months ended September 30, 2020 and 2019 are as follows:

	Nine months ended September 30,
	2020		2019
Loss before income taxes	$	(45,767)	$	-
Statutory income tax rate		16.5%		16.5%
Income tax expense at statutory rate		(7,551)		-
Tax effect of non-taxable income		(1)
Net operating loss		7,552		-
Income tax expense	$	-	$	-

The People’s Republic of China

The reconciliation of income tax rate to the effective income tax rate based on lossbefore income taxes for the nine months ended September 30, 2020 and 2019 are as follows:

	Nine months ended September 30,
	2020		2019
Loss before income taxes	$	(152,645)	$	-
Statutory income tax rate		25%		25%
Income tax expense at statutory rate		(38,161)		-
Net operating loss		38,161		-
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 September 30, 2020 and December 31, 2019:

	September 30, 2020		December 31, 2019
	(Unaudited)		(Audited)
Deferred tax assets on
Net operating loss carryforwards:
-United States	$	75,872	$	-
-Taiwan		21,879		7,365
-Hong Kong		7,552		6,319
-PRC		38,161		24,152
-		143,464		37,836
Less: valuation allowance		(143,464)		(37,836)
Deferred tax assets, net	$	-	$	-