INCOME TAX EXPENSES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT

The income tax provision consists of the following components:

	For the six-month period ended June 30,
	2023		2024
	SGD’000		SGD’000
Income tax:
Current year		74		238
Current Income Tax		74		238
Deferred tax:
Current year		-		(64	)
Deferred Income Tax		-		(64	)
Income Tax Expense		74		174

The income tax provision consists of the following components:

	For the years ended December 31,
	2021			2022			2023			2023
	SGD’000			SGD’000			SGD’000			USD’000
Income tax:
Current year		-			289			99			75
Under provision of prior years		37			-			20			15
Current Income Tax Expense Benefit		37			289			119			90
Deferred tax:
Current year		(37	)		(61	)		(47	)		(36	)
Under provision of prior years		-			7			39			30
Deferred Income Tax Expense Benefit		(37	)		(54	)		(8	)		(6	)
Income Tax Expense (Benefit)		-			235			111			84

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

	For the six-month period ended June 30,
	2023		2024
	SGD’000		SGD’000
Income before tax expenses:		353		772
Tax at the domestic income tax rate		60		131
Tax effect of expenses that are not deductible in determining taxable profit		14		43
Income Tax Expense		74		174

	For the years ended December 31,
	2021			2022			2023			2023
	SGD’000			SGD’000			SGD’000			USD’000
Income before tax expenses:		2			1,427			630			477
Tax at the domestic income tax rate		1			243			107			81
Tax effect of expenses that are not deductible in determining taxable profit		6			27			39			30
Under provision in prior years		37			7			12			9
Tax effect of non-taxable incomes		(44	)		(42	)		(47	)		(36	)
Income Tax Expense (Benefit)		-			235			111			84