Note 7 - Income Taxes

3 Months Ended

Mar. 31, 2019

Notes

Note 7 - Income Taxes

 NOTE 7 - INCOME TAXES

Provision for income taxes consisted of the following:

United States of America

The Company is registered in the State of Wyoming and is subject to the tax laws of the United States of America.

Malaysia

Bionexus Gens Lab Sdn Bhd are subject to Malaysia Corporate Tax, which is charged at the statutory income tax rate range from 18% to 24% on its assessable income.

		As of
	March 31, 2019		December 31, 2018
Income tax liabilities:
Local	$	-	$	-
Foreign, representing:
Malaysia		34,338		32,616
Income tax liabilities		34,338		32,616
Deferred tax liabilities:
Plant and equipment
Local	$	-	$	-
Foreign, representing:
Malaysia		4,549		4,485
Deferred tax liabilities		4,549		4,485
Total		38,887		37,101