Note 7 - Income Taxes

6 Months Ended

Jun. 30, 2019

Disclosure Text Block [Abstract]

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
	June 30, 2019		December 31, 2018
Income tax liabilities:
Local	$	-	$	-
Foreign, representing:
Malaysia		33,983		32,616
Income tax liabilities		33,983		32,616
Deferred tax liabilities:
Plant and equipment
Local	$	-	$	-
Foreign, representing:
Malaysia		4,482		4,485
Deferred tax liabilities		4,482		4,485
Total		38,465		37,101