INCOME TAX

9 Months Ended

Apr. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAX

6. INCOME TAX

The loss from operation before income tax of the Company for the nine months ended April 30, 2022 was comprised of the following:

	Nine months ended April 30, 2022
Tax jurisdictions from:
– Local	$	(18,400	)
Loss from operation before income tax	$	(18,400	)

United States of America

The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of April 30, 2022, the operations in the United States of America incurred $18,827 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL carryforwards begin to expire in 2041, if unutilized. The Company has provided for a full valuation allowance of approximately $3,954 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of April 30, 2022:

	As of			As of
	April 30, 2022			July 31, 2021
Deferred tax assets:
Net operating loss carryforwards
– United States of America	$	3,954		$	90
Less: valuation allowance		(3,954	)		(90	)
Deferred tax assets	$	-		$	-

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $3,954 as of April 30, 2022.