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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Income Tax Expense (Benefit)

The components of the income tax expense are as follows:

 

   For the years ended December 31, 
   2024   2023   2022 
Current            
BVI  $
-
   $
-
   $
-
 
Hong Kong   227,135    159,340    6,563 
Singapore   
-
    
-
    
-
 
Deferred               
BVI   
-
    
-
    
-
 
Hong Kong   
-
    
-
    
-
 
Singapore   
-
    
-
    
-
 
Provision for income taxes  $227,135   $159,340   $6,563 
Schedule of Income Tax Payable

Income tax payable consist of the following as of December 31:

 

   2024   2023 
Income tax payable  $393,037   $165,902 
   $393,037   $165,902 
Schedule of Reconciles Hong Kong Statutory Rates to the Company’s Effective Tax

The following table reconciles Hong Kong statutory rates to the Company’s effective tax:

 

   For the years ended December 31, 
   2024   2023   2022 
(Loss)/profit before income taxes  $(4,749,581)  $1,095,460   $397,672 
Hong Kong Profits Tax rate   16.5%   16.5%   16.5%
Income taxes computed at Hong Kong Profits Tax rate   (783,681)   180,751    65,616 
Reconciling items:               
Tax effect of income that is not taxable*   (74)   (198)   (4,376)
Tax effect on expenses that is not deductible**   961,433    
-
    
-
 
Tax effect of rate differences in various jurisdictions   70,665    
-
    
-
 
Effect of domestic tax allowance   (21,208)   (21,213)   (54,677)
Income tax expense  $227,135   $159,340   $6,563 

 

* Income that is not taxable mainly consisted of the interest income and the government subsidies which are non-taxable under Hong Kong income tax law.
** Expenses that are not deductible mainly consisted of provision for expected credit loss and legal and professional fee which are non-deductible under Hong Kong income tax law