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Tax (Tables)
12 Months Ended
Dec. 31, 2021
Tax  
Schedule of income tax expense

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Current income tax

 

$3,637

 

 

$18,669

 

Deferred tax expense

 

 

 

 

 

 

-

 

Income tax expense

 

 

3,637

 

 

 

18,669

 

Summary of reconciliation between the statutory EIT

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Income before income taxes

 

$145,468

 

 

$122,316

 

Tax rate

 

 

25%

 

 

25%

Provision for income taxes at the statutory tax rate

 

 

36,367

 

 

 

30,579

 

Change in valuation allowance

 

(50,273

)-

 

 

(25,431 )

US GAAP adjustment

 

 

(71,279)

 

 

(61,093 )

Permanent difference

 

 

88,735

 

 

 

74,542

 

Effect of different local tax rates

 

 

87

 

 

 

73

 

Income tax expense

 

$3,637

 

 

$18,669

 

Schedule of Deferred tax assets

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Deferred tax asset

 

 

121,854

 

 

$103,237

 

Valuation allowance

 

 

(121,854)

 

 

(103,237 )

Net deferred tax asset

 

 

-

 

 

 

-